What’s on this week’s financial calendar?
The following events, reports, and announcements are scheduled for the week of December 11th through December 15th:
December 11th
No events scheduled
December 12th
Consumer price index – Nov 2023 & year-over-year
Core CPI – Nov 2023 & year-over-year
Monthly U.S. federal budget – Nov 2023
December 13th
Producer price index – Nov 2023 & year-over-year
Core PPI – Nov 2023 & year-over-year
FOMC interest rate decision
Fed Chairman Jerome Powell press conference
December 14th
Initial jobless claims – Week of Dec 9
Import price index – Nov 2023
Import price index minus fuel – Nov 2023
U.S. retail sales – Nov 2023
Retail sales minus autos – Nov 2023
Business inventories – Nov 2023
Friday, Dec 15th
Empire State manufacturing survey – Dec 2023
Industrial production – Nov 2023
Capacity utilization – Nov 2023
What to expect from inflation data this week?
One of the key announcements scheduled for this week is the Consumer Price Index on Tuesday. This set of data will demonstrate the differences in price changes month-over-month and year-over-year. It’s one of the key measures that the Federal Reserve uses to set interest rate policy.
It’s important to remember that interest rates impact the bond market directly, and the bond market is one of several factors that impact mortgage rates.
According to Jose Torres, a senior economist at Interactive Brokers, says, “Generally speaking, inflationary pressures are softening significantly.”
Torres’ most recent prediction for the November release is a 0.3% increase in November after a 0.2% increase in October. The year-over-year is forecasted to rise 3.1% in November after rising 3.2% in October.
What does it cost to live like a boxing legend?
Former boxing champion Sugar Ray Leonard has knocked $4 million of the cost of his mansion in Pacific Palisades, CA. Leonard has been trying to move this property for years, and may be ready to throw in the towel. It’s been at various price points for years and has yet to find a buyer.
The 16,800 sq. ft. home has a main property, guest house, swimming pool, tennis court, putting green, two acres of hedges and plantings. It was built to evoke feelings of a villa in Italy and offers imported building materials, beamed ceilings, a full chef’s kitchen and private balconies.
The home was listed as high as $52 million in the past, so its current cost of $39 million looks like a steal in comparison.
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