November 8
News
3 tankers on fire in Hormuz Strait as attacks intensify | AlJaz
A Saudi Aramco administrative building in Riyadh was damaged | Iran
Eisenkot Gets Chance to Form Israeli Govt After Tight Vote
Next week: Veterans Day is observed on Wednesday
CPI, PPI, and the 10-year & 30-year Treasury auctions
The median forecast in Bloomberg's CPI survey is for a 0.3% rise in the October headline rate
The median forecast for the core rate is 0.2%
A 25bps rate hike is priced in for December
CPI and PPI are the week's highlights, but are they very meaningful? | Marc
The Fed's use of the phrase "the accumulation of more information" appears partly aimed at directing the public and businesses away from putting too much emphasis on any single data point. Second, after the October jobs report, the market has little reason to second guess itself over the likelihood of a hike at the next FOMC meeting in December.
October and November CPI Forecasts by Cleveland Fed
Oct CPI Headline: 0.24 m/m and 3.74% y/y
Nov CPI Headline: 0.19 m/m and 3.88% y/y
Oct Core: 0.21 m/m and 2.48% y/y
Nov Core: 0.20 m/m and 2.77% y/y
AAA gasoline on 11/8: $4.020 and down $0.34 from $4.361 a month ago
I believe we're approaching another Bear Stearns moment.
I'll explain why OpenAI's IPO could fail, why the warning signs are already flashing, and what that could mean for your money.
There Is No Understanding The Voters
There were the many state and local races, where there was no direct or obvious Trump connection. Democrats also did extremely well in those, including taking (or maintaining) control of numerous governorships, legislatures, and mayor’s offices. In many of those, I can’t come up with any rational explanation for how the voters chose as they did. Maybe you can.
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