Monthly Archives - December 2022

Falling $US sees commodity price rises: All eyes on Friday’s job data

02 Dec 2022 - The Dow Jones fell Thursday, relinquishing some of the big gains seen in the prior session as investors awaited jobs data coming Friday that could determine the pace of the Federal Reserve’s future rate tightening. Investors are looking to data on non-farm payrolls, the unemployment rate and hourly wages on Friday for insight into the labour market, which has been relatively strong despite hopes of contraction as the Fed looks to cool inflation.

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Stocks fly as Fed Reserve suggests rate hikes to slow

01 Dec 2022 - Stocks climbed Wednesday as Federal Reserve Chair Jerome Powell confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign that has weighed on markets. Commodities prices, factory gate prices, energy prices and inflation expectations have all begun to slide from their record levels, suggesting to some that the pace of headline price growth is set to slow in 2023.

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