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Market in Review 1/8/2024

By on 09/01/2024 Tags: , , , ,

MARKET REPORT

Review:
– NY FED SCE (DEC) one-year inflation expectation is at 3% (prev. 3.4% in Nov) which is the lowest since January 2021
– United Airlines (UAL) found loose bolts on plug doors during the 737 MAX 9 inspections and discrepant bolts and other parts on the Plug Doors have been found on at least five United Airlines aircraft
– Fed’s Bostic (2024 voter) said “inflation has come down more than expected” + “the rise in unemployment has been ‘far less’ than what would typically be the case given the reduction in inflation.”

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