Weekly Headings Snapshot - Week Ending January 27, 2023

This Week’s Top Takeaways

  1. The year-over-year pace of PCE (+5.0%) eased to the slowest pace since September 2021.
  2. As inflation moderated real disposable income rose at the fastest pace since 1Q21 in the fourth quarter.
  3. The S&P 500 is on pace for its first quarterly decline in earnings (-3.8%) since 3Q20.
  4. The Fed is likely to slow its pace of rate hikes with a 25 basispoint increase at next week’s FOMC Meeting.
  5. Amid the warmest January on record, Europe’s natural gas prices are at the lowest level since September 2021.

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