5 from 5i: Fed has difficult call to avoid overdoing rates shock

Barkha Rani Jan 13, 2023
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Market View

US reported sixth consecutive month of lower inflation at 6.5% year-over-year. This is still well above the Fed’s goal of 2% inflation. The reading came in -0.1% month-over-month. Gold and oil prices rose. The Canadian dollar was 74.57 cents USD. The U.S. S&P500 ended the week up 1.9%, while the TSX was up 2.3%.

 

All sectors ended the week in green. The technology sector gained 3.8%, while healthcare and financials added 3.2% and 2.9%, respectively. Energy edged up by 2.5%, while consumer discretionary and industrials added 1.4%, each. Consumer staples ended the week relatively flat. Algonquin Power & Utilities Corp, Argonaut Gold, and Hut 8 Mining were the most heavily traded shares by volume.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!

 


Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.

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