The Week Ahead (October 10)

The Week Ahead (October 10)

Quick Recap

The US stock market tumbled by 2.80% on Friday after a stronger-than-anticipated jobs report raised the chances of higher interest rates in the next Federal Reserve meeting.

Despite the drop on Friday, the S&P 500 managed to end the week on a positive note with a 0.83% gain 

The Week Ahead

The G20 financial stability board is expected to reveal its regulatory plans regarding Cryptocurrency and Decentralized Finance (“Defi”) on Wednesday and Thursday of this week.

The bureau of labor statistics (BLS) is set to release last month’s Producer price index (PPI) on Wednesday, October 12th.

The PPI measures the average change in selling prices received by domestic producers of goods and services. Since it measures price changes before they are felt by the consumer, the PPI is considered a predictor of inflation.

The PPI has dropped in recent months compared to its 40-year high of 11.7% in March and a continued slowdown can indicate lower upcoming inflation.

Plainly speaking, for PPI, high is bad, and low is good.

On Thursday, October  13th, the consumer price index (CPI) will be released. The CPI is an index that measures the price of consumer goods and how they are trending. Economists expect a monthly increase of 0.4% for September compared to 0.6% in August.

The CPI report strongly influences market sentiment toward anticipated monetary policy.

Like the PPI, for the CPI, high is bad, and low is good.

PIF will continue to add to its investment positions opportunistically. 

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