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Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, December 20, 2023
Description: Today's Post - https://bahnsen.co/47gk0nS
A quiet day of trading as markets head towards the Christmas holiday on Monday and things slow down.
The US is one of many countries where inflation readings and projections are being reduced. The UK had a much lower-than-expected November inflation reading yesterday at 3.9% y/y versus a 4.3% expected and down from 4.6% the month prior. Not surprisingly, Gilt yields moved dramatically lower, and futures were priced in 150 bps of BOE rate cuts next year.
PPI data in Germany today was also below expectations. While the...