-
US Core CPI Overstated, Fed To Cut Next Week
US core CPI inflation landed on the screws, was likely weaker than reported if not for ongoing distortions to seasonal adjustment factors, but all summed up reinforces expectations for a quarter point cut from the Fed one week from today. Headline and core CPI inflation was 0.31% m/m in November, matching Scotia’s estimate and the median consensus estimate while higher than the minority of forecasters expected. It has landed at this rate for four months in a row (chart 1). chart Before turning to details we need to consider the role of seasonal adjustment factors. Core CPI was likely lower than stated if not for ... (full story)
- Comments
- Subscribe
-
- Older Stories
From youtube.com/cmegroup|Dec 11, 2024|2 commentsEuro futures sink to a one-week low ahead of Thursday’s ECB meeting. Bob Iaccino examines.
From cityindex.com|Dec 11, 2024The USD/CAD rally has continued with buyers showing support above the 1.4000 level, which has traded only briefly around the December open. This morning’s rate cut from the Bank ...
From economics.bmo.com|Dec 11, 2024The Bank of Canada cut its key overnight rate 50 basis points to 3.25% today, as largely expected and its fifth consecutive trim for a cumulative 175 bps of rate relief. The Bank ...
-
- Newer Stories
From rics.org|Dec 11, 2024The November 2024 RICS Residential Survey results remain consistent with a gentle up-trend across the market, with metrics on new buyer demand, new instructions and house prices ...
From abs.gov.au|Dec 11, 2024|2 commentsIn trend terms, in November 2024: • unemployment rate remained at 4.0%. • participation rate remained at 67.1%. • employment increased to 14,544,200. • employment to population ...
From bnnbloomberg.ca|Dec 11, 2024|15 commentsElon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual. The most recent catalyst was an insider share ...
- Story Stats
- Posted: Dec 11, 2024 6:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,993
- Linked events:
