Market View: US Producer Price Index decreased 0.5% for December, Possibility of a 25bps rate hike, Netflix and P&G reports earnings, Sectors to watch, Microsoft and Amazon layoffs

Your Way Home with Hongbin Jeong · Jan 20, 2023 · 13m

We’ll keep you up to speed with the key macroeconomic and market movements in the US as we end the week. Earlier, US producer prices out mid-week showed the producer price index decreased 0.5% on a monthly basis for December.That’s lower than November’s revised 0.2% increase. December’s annual PPI figure also came in lower than the previous month. Question is - to what extent can this be taken as a sign that inflation has peaked, and is a 25 basis point rate increase by the Fed in sight?And with the earnings season in full swing, how have big names such as Netflix and Procter & Gamble fared…