Why the coming inflation report may be more important than markets think
While economic growth fears have ebbed, inflation is inching higher, and November CPI will set the tone for the stock market in the near term, BofA said.
While economic growth fears have ebbed, inflation is inching higher, and November CPI will set the tone for the stock market in the near term, BofA said.
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"As with most measures, we need to be careful using it when we compare the present to the past," Morgan Stanley's Michael Mauboussin said.
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Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax collections for the first time, according to a new forecast Monday. General fund income from the state's two, multibillion-dollar permanent funds and interest on treasury accounts is expected to climb to $2.1 billion for the fiscal year between July 2024 and June 2025, surpassing $2 billion in revenue from personal income taxes. The investment earnings are designed to ensure that critical programs — ranging from childcare subsidies to tuition-free college and trade school education — endure if oil income falters amid a possible transition to new sources of energy.