New inflation data could drive the Fed into hawkish mode
On the Breakfast with Benjamin menu: Inflation data could turn doves into hawks. Plus: Oil could get a lot pricier in a hurry, insider trading runs rampant and SIFMA cuts its economic outlook.
- Suddenly higher inflation data has Fed watchers looking for any sign of a hawkish move by chief Janet Yellen. The risk of a move on interest rates put European stocks into a defensive mode. Sending ripples all over the world
- Taking Iraqi oil out of the equation would send oil prices to $200 a barrel, a 100% price hike. The rest of OPEC can’t fill the void
- Oil at $120 a barrel is seen as the breaking point for the floundering U.S. recovery. The global outlook isn’t much better. Every $10 increase in oil cuts 0.2 percentage point from global growth
- Insider trading might be running rampant and some strategies are less sophisticated than you might think. From ‘doofus doctors’ to sophisticated traders
- SIFMA dials back its economic outlook for 2014, citing geopolitical concerns and uncertainty tied to monetary policy. Cutting the economic growth forecast to 2.2% from 2.7%
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