An Economic Deep Dive
US inflation dropped in the headline, but core inflation re-accelerated.
We take a deep dive on the full economic picture.
US Inflation has continued to move lower. However, the core CPI remained firm, with higher energy prices still to hit in coming month’s.
Markets initially leapt higher on the back of the better than expected drop in the headline data.
Monthly inflation fell from 0.4% to 0.1%, and to 5.0% for the year. The yearly drop was of course expected.
The real story though was in the detail of the report. Never judge a book by it’s cover. While it was good to see Shelter price pressures moderating, the fact that this data release only including the previous significant declines in gasoline and natural gas prices, is a major cause for concern over what may be coming next month.
This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
Ready to Boost Your Trading with Offshore Accounts? Here’s What You Need to Know!
Survival of the fittest: OPEC+ confirmed a complete reversal in strategy
USDJPY, GBPUSD, Oil
Gold rises as demand for safe-haven assets returns
US dollar fails to benefit from improved risk appetite
Crypto market blows off steam
EUR/USD tests key support in bid for upside
