News

US November CPI +2.1% y/y vs +2.0% expected



US November CPI +2.1% y/y vs +2.0% expected




















US consumer price index for November 2019:

  • Prior was 1.8% y/y
  • Ex food and energy 2.3% vs 2.3% expected
  • Prior ex food and energy 2.3%

Month-over-month data:

  • +0.3% m/m vs +0.2% m/m expected
  • Prior +0.4%
  • Ex food and energy +0.2% vs +0.2% expected

The next three months of data in this series are going to be hot because of a soft y/y comp from Nov-Jan a year ago. An inflation scare would dent the Fed’s credibility. The risk is that they shift back to a hawkish bias — something that would be a major blow to risk assets.

ForexLive


Articles You May Like

Forex Today: Dollar to keep on rallying, beware of oil
The ONLY Way To PROFIT From Double Tops/Bottoms (Full Strategy Tutorial)
How To Trade Price Action Using Line Charts (Old School Trading Systems)
Chinese premier Li Keqiang: China has confidence, ability to cope with risks, challenges
EUR/USD: Looking for recovery – Commerzbank

Leave a Reply

Your email address will not be published. Required fields are marked *