February 15 (Wednesday)
Latest Morning Briefing Executive Summary: On Consumer Inflation & Housing Activity
Yesterday’s CPI report for January showed inflation continuing to moderate but slowly. The new information isn’t likely to moderate Fed officials’ hawkishness, though, and doesn’t much change the economic outlook. We continue to see a soft landing with disinflation as the Fed continues to raise the federal funds rate to 5.10%, then keeps it there through year-end. So the stock-market implications of the CPI results are minimal. But stocks and bonds might be ready for some consolidation after their runups since October. … Also: Melissa homes in on why home prices have been holding up and looks at housing market trends.
(subscribers’ link)
YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on February 13.
Markets
Markets Come to Grips With the Fed on Interest Rates | W
Morgan Stanley Picks Tricky Moment to Bolster ESG Lineup | B
Booming Oil Exports Boost U.S. Role as Global Price Maker | W
Central banks
Lael Brainard’s Fed Departure Could Leave Immediate Imprint on Inflation Fight | W
Stan the Man | FT
US I
Retail sales jump 3% in January, smashing expectations despite inflation increase | C
US Retail Sales in January Rose by Most in Nearly Two Years | B
Opinion | Why the U.S. economy is too good to be true | WP
US II
Remote work pushes Los Angeles landlord to default on major loans | Fortune
Mortgage demand drops as interest rates bounce higher | C
Workers Burnout Rates Hit Pandemic High Amid Layoff Fears, RTO Pressure | B
Laid-Off Tech Workers Seek Leverage on the Way Out | W
US Economic Data Threatened by Survey Non-Responses | B
US III
Nikki Haley’s ‘Great Day’ | W
Why I’m Resigning as an FTC Commissioner | W
Flying objects
China Warns of Retaliation Against US Entities After Balloon Shootdown | B
China-US Spy Balloon Latest: Pentagon Isn’t Ready for Challenge | B
Flying Objects’ Origins Remain Uncertain as Debris Recovery Continues | W
Geopolitics & trade
Ukraine, IMF Begin Loan Talks as Country’s Economic Woes Deepen | W
Russia Has Deployed 97% of Army in Ukraine but Is Struggling to Advance, U.K. Says | W
Influence Networks in Russia Misled European Users, TikTok Says | N
Industries & companies
Autos: Tesla commits to open 7,500 chargers in the U.S. to other EVs | C
Financials: Goldman Sachs scraps idea for direct-to-consumer credit card | C
Media: Lawmakers set their sights on new protections for kids online | C
Retail: It’s impossible to know what you’re buying online | The Atlantic
Climate
The Climate Scare Narrative Continues To Collapse | I&I
Wake up, America: Your economic citadel is driving you to oblivion | The Hill
