The US CPI Dips To 7.1%, The Market Responds Positively
Economists, analysts, and investors will be eagerly watching the November inflation statistics, particularly the core inflation figures. Currently, the US CPI is downs to 7.1% which affect to the market.
The Bureau of Labor Statistics has issued the November US CPI statistics, which reveals that inflation has slowed. Following the release of the November US CPI statistics, US equities futures were trading in the green. The Consumer Price Index for All Urban Consumers (CPI-U) climbed 0.1% on a seasonally adjusted basis in November, after rising 0.4% in October, according to the U.S. Bureau of Labor Statistics. Before seasonal adjustment, the all-items index grew 7.1% in the previous year.
The shelter index was by far the largest contributor to the monthly all-items increase, outweighing drops in energy indices. The food index grew by 0.5% over the month, as did the food at home index. The energy index fell 1.6% month on month as the gasoline index, natural gas index, and electricity index all fell.
The index for all products except food and energy increased 0.2% in November, following a 0.3% increase in October. Shelter, communication, recreation, motor vehicle insurance, education, and clothes indexes were among those that rose throughout the month. Indexes that fell in November included used autos and trucks, medical treatment, and airline tickets.
The Federal Reserve is on course to decrease the pace of rate increases, giving a good signal to the market. Economists, analysts, and investors will closely examine the November inflation numbers to determine if there has been any influence of rate hikes on price rises, particularly core inflation.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
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The US CPI Dips To 7.1%, The Market Responds Positively
Economists, analysts, and investors will be eagerly watching the November inflation statistics, particularly the core inflation figures. Currently, the US CPI is downs to 7.1% which affect to the market.
The Bureau of Labor Statistics has issued the November US CPI statistics, which reveals that inflation has slowed. Following the release of the November US CPI statistics, US equities futures were trading in the green. The Consumer Price Index for All Urban Consumers (CPI-U) climbed 0.1% on a seasonally adjusted basis in November, after rising 0.4% in October, according to the U.S. Bureau of Labor Statistics. Before seasonal adjustment, the all-items index grew 7.1% in the previous year.
The shelter index was by far the largest contributor to the monthly all-items increase, outweighing drops in energy indices. The food index grew by 0.5% over the month, as did the food at home index. The energy index fell 1.6% month on month as the gasoline index, natural gas index, and electricity index all fell.
The index for all products except food and energy increased 0.2% in November, following a 0.3% increase in October. Shelter, communication, recreation, motor vehicle insurance, education, and clothes indexes were among those that rose throughout the month. Indexes that fell in November included used autos and trucks, medical treatment, and airline tickets.
The Federal Reserve is on course to decrease the pace of rate increases, giving a good signal to the market. Economists, analysts, and investors will closely examine the November inflation numbers to determine if there has been any influence of rate hikes on price rises, particularly core inflation.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
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