Excluding food and energy, the month-over-month increase was only 0.1 Percent. Given that services are about two-thirds of the PPI, the Fed is happy with falling services and rising goods vs the other way around.

Market index trading began flat this morning, but was able to cruise to a higher altitude on news consistent with easing the Fed funds rate going forward.

Earnings season is slowly winding down, and throughout the period so far, Wayfair and American Express have been two big winners, with each seeing positive post-earnings reactions alongside announcing guidance upgrades.

In this video, Ira Epstein discusses recent economic data and its implications for potential interest rate cuts, noting the market's reaction to speculation that Kevin Hassett might be the next Federal Reserve chair.

Positive signals from both the US and Ukraine regarding a Russia-Ukraine peace deal continue to put pressure on energy markets. However, there’s little clarity on where Russia stands on the current plan

Gold attracts fresh buyers following the previous day's two-way price move and climbs back closer to the $4,150 level during the Asian session on Wednesday.

EUR/USD extends its winning streak for the third successive session, trading around 1.1580 during the Asian hours on Wednesday.

The AUD/NZD pair slides vertically to near 1.1430 during the Asian trading session on Wednesday.

As I struggle to stay awake after a big Thanksgiving meal, here are a few thoughts in the caption area of these charts.

For those interested in alternative business cycle indicators, here are latest GDO, coincident index, vehicle miles traveled, and freight services, among others.

Stocks were surprisingly higher, even though it was a Treasury settlement day, and we saw overnight funding rates rise, notable usage of the Standing Repo Facility increased, and a drop in Bitcoin.

Testing the October high near 690 SPY is possible.

Morgan Stanley, Citi and PNC will have to play catch up to popular fintech bank SoFi.

USD/JPY falls 0.54% as soft US data boosts confidence in a December Fed rate cut.

Stocks were drifting higher on light volumes, in quiet pre-holiday trading.

The Q3 2025 blended earnings growth estimate now stands at 7.3%.

Alphabet’s AI position is strengthening as its TPU strategy and LLM performance begin to diverge meaningfully from competitors.

Here’s a quick look at the biggest stories shaping the evening.

Contingent on the SPX holding above last Friday’s low at 6521, with a serious warning for the Bulls below 6630 (Monday’s low), we can allow for the index to rally to 7120+.

The future of AI leadership comes down to three things: chips, power and cybersecurity.