MARKET DAILY

Midday market 01/12: CPI as expected, real income decreases for the 21st consecutive month

Market reacts positively after December inflation report, leading to expectations of only 0.25% rate hike instead of 0.5% in February

Steve Le
Steve Le

Consumer Price Index (CPI) hit the forecast level this morning with service sector inflation reaching the highest level in 40 years while goods prices moved in the opposite direction. Specifically, CPI stabilized at 6.5% year-over-year but showed deflation appearing with a -0.1% decline from November to December.

Overall goods inflation hits lowest level since 02/2021, service sector inflation highest since 09/1982:

Login to read the full article

Create an account to access premium content.

0

Comments (0)

No comments yet

Be the first to comment