Will CPI's Annual Rebalance Reshape the Inflation Outlook? - MMMK 020524
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 Published On Feb 4, 2024

In the recent trading week, we experienced a significant earnings announcement from our major stocks, including Microsoft and Google on Tuesday, followed by Apple, Amazon, and Meta on Thursday, propelling markets to near all-time highs. A roaring week to be sure!

The week ahead features 698 companies reporting earnings, with notable mentions like Caterpillar, McDonald's, Ford, Alibaba, CVS, and Disney.

Last week, the US Federal Reserve decided to maintain interest rates, with expectations of potential rate cuts later in the year.

Turning our attention to global central banks, the Reserve Bank of Australia's rate statement on Monday night could impact Forex markets.

Additionally, there's a focus on inflation, particularly the Consumer Price Index (CPI), which undergoes an annual rebalancing this week. This adjustment may influence the perception of inflation levels, impacting market reactions.

Traders should stay vigilant for potential market shifts resulting from these developments.

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