This, in my mind, increases the chances of another rate hike in March. They have not declared the war on inflation to be over. Inflation is the key indicator to watch right now.
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I don't think Main Street cares. But it would improve the mood on Wall Street. Little things like this matter in improving sentiment.Brian Gendreau
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The only piece of data that one can point to (for the market's decline) is the PPI report. The headline number looked a little scary.
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Practically in every quarter lately, we've had this feeling that we're at the peak, this is it, no more growth. That's why you see a lot of volatility but, ultimately, the Dow or the other indexes end up not having moved much. But one day we may see earnings growth decelerate, and it could be this year.
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