US CPI m/m

The US Bureau of Labor Statistics reported that December’s CPI remained steady at 2.9% year over year, while core CPI — excluding food and energy — came in at 3.2% annually, which was less than expected. Aditya Bhave, senior US economist at Bank of America (BAC) Securities, joins Market Domination to discuss the impact of this data, noting that while it’s positive, the Federal Reserve "is going to be on hold moving forward." "What this report does, and it is undoubtedly good news ... it trims the tail risks of a hike," Bhave ...

The US CPI number was okay, as it was better than expected. But it was not a good report. US CPI inflation is still running at around 3%. It is, however, providing Treasuries with an excuse to do some downside testing for yields. We doubt it goes too far, as there is not the ammunition for it. But the bond bulls are overdue a period of positivity The market has now seen two better-than-expected month-on-month inflation numbers in a row now, on core PPI on Tuesday and now core CPI on Wednesday. Not that 0.2% is super low. But it it ...

It is important – and I say it every year – to remember that when we are looking at economic data from December (and in many data series such as Employment, January as well) there are massive error bars around the numbers. The government doesn’t report error bars, but they should. Frankly, when it comes to Nonfarm Payrolls, I barely glance at the number because it just doesn’t mean very much. The problem isn’t so dramatic in CPI at the headline index level, because the main sources of volatility in the index also happen to be the ...

US consumer price inflation has come in at 0.4% month-on-month/ 2.9% year-on-year for headline and at 0.2%/3.2% for the core (ex food and energy). The headline was in line with expectations, but the core rate was a touch better than the 0.3% MoM rate anticipated – the core rate, it turns out, was 0.225% to 3 decimal places. The details show food prices rising 0.3% MoM, which we had thought would be higher given egg and vegetable price moves in PPI in recent month, with energy prices rising 2.6% MoM. In terms of the core rate, vehicle ...

The US Consumer Price Index (CPI) report for December, a critical gauge of inflation, is set to be released on Wednesday at 13:30 GMT, courtesy of the Bureau of Labor Statistics (BLS). The release of the CPI figures could boost the US Dollar's (USD) upward momentum, though it’s unlikely to prompt any immediate changes in the Federal Reserve’s (Fed) monetary policy plans, at least in the very near term. What to expect in the next CPI data report? Inflation in the US, as measured by the Consumer Price Index (CPI), is expected to rise ...

The US consumer price inflation report due Wednesday is not the type of report that the Fed thought they would see at end-2024. Squint your eyes and you see a 3% inflation rate for December, and month-on-month rates, that when annualised, are in fact point closer to 4%. This, in part, is why the funds rate cut expectations have collapsed, and Treasury yields are knocking on the door of 5%. Not much relief expected from US CPI Treasuries were happy that we did not get the 0.3% month-on-month that consensus had for the ex-food and ...

The US Dollar Index (DXY) has retreated from the psychological 110.00 handle as markets await the US inflation report due on Wednesday. Later today however, markets will get a glimpse of producer price inflation data which could set the tone for the growing 2025 inflation conundrum. The US Dollar started the week on the offensive following blockbuster payroll data on Friday. However, late in the US session rumors began to swirl that the Trump team is assessing gradual tariffs to combat the potential rise in inflation. On Monday ...