
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
In November, American consumer prices didn’t change, although held back by a steep dive in the price of gasoline. However, underlying inflation pressures was still firm in the face of soaring rents as well as healthcare costs.
The strength in underlying inflation disclosed by the Labor Department actually backs points of view that the key US financial institution will have interest rates lifted at its December 18-19 policy gathering. By the way, this year the Fed has increased rates up to three times.
However, with crude prices going down, financial market conditions tightening as well as economic surge decelerating, some financial analysts are assured that the key US bank could settle for fewer rate lifts next year.
November's intact outcome in the Consumer Price Index followed October’s 0.3% rally. It appeared to be the poorest outcome for eight months. The CPI rallied by 2.2% for the 12 months through November, which is the smallest jump since February, having soared by 2.5% in October.
The CPI ascended by 0.2%, excluding the volatile energy and food components, which is in line with October's surge. It raised the year-on-year surge in the so-called core CPI from October’s 2.1% to 2.2%.
By the way, November’s inflation outcome was in line with experts’ hopes.
US Treasury prices pared losses following the report, while the evergreen buck tumbled versus a basket of its rivals.
Notwithstanding the firmness in core consumer prices, the total inflation outlook is soft against the backdrop of diving crude prices as well as signs of decelerating economic surge both in America and overseas.
Tuesday’s report disclosed that in November producer prices tacked on by 0.1% having speeded up by 0.6% in October.
Gasoline prices went down by about 4.2% in November having rebounded by 3% in October.
What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The Consumer Price Index will be out at 15:30 MT (GMT+2) on Wednesday, January 12.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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