December’s Core PCE Meets Expectations, Soft Landing in Focus
Core PCE index, the Federal Reserve's favored inflation metric, rose in line with consensus estimates in December.
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January's CPI report indicates a persistent inflationary trend, with a 0.3% month-over-month increase largely driven by rising shelter and food prices.
Core PCE index, the Federal Reserve's favored inflation metric, rose in line with consensus estimates in December.
UK equities fell sharply on Wednesday after December inflation data showed the first acceleration in 10 months.
Treasury yields surged on Friday after the NFP report for December exceeded expectations, raising questions about the Fed's plans for a dovish pivot.
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Inflation in the UK fell abruptly to 3.9% in November, the lowest since September 2021.
The November 2023 CPI report indicates a slight 0.1% increase with a year-over-year rise of 3.1%, reflecting a stabilization in inflationary trends.
New Fed minutes data is expected to include a "superficially hawkish rhetoric" that rate-hiking cycle may not be over. However, that's not what investors actually think.
Initial job claims rose faster-than-anticipated in the week ended Nov. 11, underscoring a slowdown in the US labor market. Treasury yields fell on the report.
For the time being, the market is relieved from the Fed's grip. A quick look at three "strong buy" stocks to ride the inflation cooldown.
The US dollar index fell and stocks rose higher on Tuesday following a positive inflation report for October.
Annual CPI remained unchanged in October at 3.2%. Core CPI rose 0.2%.
The new CPI report is due Tuesday, and a softer-than-expected inflation would likely propel US stocks further in the following days.