Weekly Headings Snapshot - Week Ending January 27, 2023
This Week’s Top Takeaways
- The year-over-year pace of PCE (+5.0%) eased to the slowest pace since September 2021.
- As inflation moderated real disposable income rose at the fastest pace since 1Q21 in the fourth quarter.
- The S&P 500 is on pace for its first quarterly decline in earnings (-3.8%) since 3Q20.
- The Fed is likely to slow its pace of rate hikes with a 25 basispoint increase at next week’s FOMC Meeting.
- Amid the warmest January on record, Europe’s natural gas prices are at the lowest level since September 2021.
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