The US Consumer Price Index (CPI) report for November, a key measure of inflation, is due out on Wednesday at 13:30 GMT by the Bureau of Labor Statistics (BLS). Markets are eagerly awaiting the release, as it could trigger significant swings in the US Dollar (USD) and influence the Federal Reserve's (Fed) plans for interest rates in the coming months. As per the CPI measure, US inflation is expected to rise at an annualized rate of 2.7% in November, slightly higher than the 2.6% growth reported in the previous month. Annual core CPI inflation, which excludes volatile food and energy...
Inflation in the US, as measured by the change in the Consumer Price Index (CPI), rose to 2.7% on a yearly basis in November from 2.6% in October, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in line with the market expectation. On a monthly basis, the CPI rose 0.3% following the 0.2% increase recorded in October. The core CPI, which excludes volatile food and energy prices, rose 3.3% on a yearly basis to match October's increase and analysts' estimate. The monthly core CPI rose 0.3% in November. Market reaction to US inflation data These figures don't...
Retail sales rose faster than expected at the start of the holiday shopping season in November, pointing to steady growth in the U.S. economy. Sales at U.S. retailers rose 0.7% last month, the government said Tuesday. Retail sales account for about a third of all consumer spending and provide clues to the strength of the economy. What they do show is that the U.S. is ending 2024 on a strong note. Economists surveyed by the Wall Street Journal had forecast a 0.5% gain last month. Key details: Sales of new cars and trucks jumped 2.6% in November to lead the retail gain. Auto sales account...