US CPI

MARKET REACTION: STOCKS: U.S. stock index futures fall after the inflation dataBONDS: U.S. Treasury yields slid across the board.FOREX: The dollar fell against ...

But I will note that it is an especially volatile period, which is not atypical for inflection points in market expectations and the broader macro outlook." We've seen that before where investors anticipate and then once the news is in, they sell a little bit." The fact that we have seen core inflation decelerate to 5.7% year-over-year, from 6% in November, reinforces the peak inflation argument. "This is difficult for the (stock) market. However, what matters most for the markets is the terminal Fed rate, not so much the pace of hikes. While a 25-bps hike in the next Fed meeting is still in play, the strength of housing in the core CPI and the benign jobless claims support the scenario of a 50bps hike in the next meeting.

Gold pared gains fueled by cooling US inflation as traders assessed the Federal Reserve's pace of interest-rate hikes.

Cooling inflation may give the Fed room to slow the pace of its monetary tightening. Excluding food and energy, the so-called core CPI rose 0.3% last month and was 5.7% higher than a year earlier, the slowest pace since December 2021. Gold pared gains fueled by cooling US inflation as traders assessed the Federal Reserve’s pace of interest-rate hikes.

United States consumer prices unexpectedly fell for the first time in more than 2.5 years in December amid declining prices for gasoline and other goods, ...

The consumer price index dipped 0.1 per cent last month after gaining 0.1 per cent in November, the Labor Department said on Thursday (Jan 12). Advertisement Traders also increased bets on Thursday that the Fed will deliver only one more quarter-point rate hike before stopping at a 4.75 per cent to 5 per cent range, and then will cut rates in the second half of the year.

Gold price touches a fresh multi-month high following the release of the US inflation figures. The crucial US CPI report cements bets for smaller Fed rate hikes ...

It had previously expected the shared economy to fall into a recession in the first half of the year. The US Dollar Index stays in negative territory below 103.00. US Dollar under strong selling pressure as investors price in two Fed 25 bps hikes before pausing. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. This, in turn, supports prospects for a further near-term appreciating move for the Gold price, though it will be prudent to wait for a sustained strength beyond the $1,900 mark before placing fresh bullish bets. Daily Pivot Point S2 [Fed](https://www.fxstreet.com/macroeconomics/central-banks/fed) rate hikes going further. In fact, the yield on the benchmark 10-year US Treasury note languishes near a multi-week low amid rising bets for smaller The XAU/USD is currently placed just below the $1,900 mark, up over 1.0% for the day, and seems poised to appreciate further. Furthermore, core inflation, which excludes food and energy prices, edge up by 0.3% in December and fell to 5.7% on yearly basis from 6.0% in November.

The key outside markets today see the U.S. dollar index modestly lower. Nymex crude oil futures prices are higher and trading around $78.50 a barrel. Meantime, ...

First resistance is seen at this week’s high of $24.285 and then at the January high of $24.775. Next support is seen at the January low of $23.26 and then at $23.00. First support is seen at the overnight low of $1,878.20 and then at this week’s low of $1,869.30. The next downside price objective for the bears is closing prices below solid support at $22.00. First resistance is seen at today’s high of $1,902.90 and then at $1,910.60. Silver bulls' next upside price objective is closing March futures prices above solid technical resistance at $25.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,800.00. Meantime, the yield on the benchmark U.S. This report falls slightly into the camp of the U.S. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,900.00. The key outside markets today see the U.S. [February gold](/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=GCG23) [ was last up $18.20 at $1,896.50 and ](https://www.kitco.com/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=GCZ22) [March silver](/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=SIH23) [ was up $0.604 at $24.075.](/finance/futures/details.html?j1_module=futureDetail&popup=1&j1_symbol=SIZ22)

Gold prices pared gains after earlier jumping more than 1% to above the key $1900 per ounce pivot on Thursday after data showing signs of cooling inflation ...

Register for free to Reuters and know the full story consumer prices](/markets/us/us-consumer-prices-fall-december-weekly-jobless-claims-edge-down-2023-01-12/) grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month. Core inflation was in line with expectations as well. "The expectations clearly look like at this point, we're going to see two more 25 basis point rate hikes at the next two Fed meetings," said David Meger, director of metals trading at High Ridge Futures, adding the underlying environment for gold was strong. Following the CPI report, the dollar dropped 0.4% to its lowest since early June, making gold more attractive for other currency holders. Jan 12 (Reuters) - Gold prices pared gains after earlier jumping more than 1% to above the key $1,900 per ounce pivot on Thursday after data showing signs of cooling inflation in the United States boosted bets for slower rate-hikes from the Federal Reserve ahead.

Gold prices climb on Thursday to reach fresh eight-month highs, after a closely watched reading on the U.S. consumer-price index met with expectations,...

1, “but the level of rate hikes is likely to be more modest,” said Schenker. The advance in the core rate of inflation, which omits food and energy, fell to 5.7% from 6%. The three most significant factors contributing to gold’s price strength so far this year are “China buying,” U.S. “Inflationary pressures eased significantly in December, as the trend of falling year-on-year inflationary rates continued.” So far this year, gold prices have been bolstered, in part, by a softer dollar and lower Treasury yields. “No one knows which entity is buying so aggressively and why,” Wong said. The annual rate of inflation fell for the sixth month in a row to 6.5% from 7.1% . Lower bond yields and a weakening dollar can make commodities priced in the U.S. dollar weakness, and falling U.S. consumer-price index met with expectations, signaling a further slowdown in inflation at the end of 2022. Treasury yields fell and U.S. +2.36%

The Consumer Price Index for All Urban Consumers, known in short as the CPI, slowed exactly as forecast by economists, after a 7.1% annual growth reported for ...

Stock futures advanced after December's consumer prices report came in in line with economist expectations and showed inflation continues to cool.

The company now expects earnings for the quarter to come in between $1.12 and $1.17 per share, up from a previous range of 50 cents to 70 cents. [Disney](/quotes/DIS/) – Disney shares added more than 1% in early morning trading after the company elected independent director Mark Parker [as Chairman of the board](https://www.cnbc.com/2023/01/11/nike-chairman-mark-parker-will-become-chairman-of-disney.html). [Bed Bath & Beyond](/quotes/BBBY/) — The retailer advanced 16% premarket, [continuing to rally after a handful of meme stocks surged Wednesday](https://www.cnbc.com/2023/01/11/bed-bath-beyond-jumps-50percent-to-lead-last-gasp-rally-in-meme-stocks-amc-gains-15percent.html). The stock gained 1.3% in premarket trading. [American Airlines](/quotes/AAL/) — The airline gained 5% after [the company lifted its fourth quarter guidance](https://www.cnbc.com/2023/01/12/american-airlines-hikes-revenue-estimates.html), citing strong demand and high fares. See how each of the three futures indexes moved in the 30 minutes leading up to and following the release of the data at 8:30 a.m. The consumer price index fell 0.1% in December, matching a Dow Jones estimate. The futures market, however, has been pricing in a quarter point hike. In November, the report showed a 0.1% monthly gain and an annual pace of 7.1%, according to Dow Jones. The major futures indexes whipsawed as investors responded to December's CPI data, which came in in line with economist expectations. The stripped-down index was 5.7% higher than a year ago in December. Stock futures whipsawed in the minutes directly following the report's release before trending positive.

U.S consumer prices fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline and motor vehicles, offering hope that ...

The rent measures in the CPI tend to lag the independent gauges. Excluding the volatile food and energy components, the CPI climbed 0.3% last month after rising 0.2% in November. A separate report from the Labor Department on Thursday showed initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 205,000 for the week ended Jan. The unemployment rate is back at a five-decade low of 3.5%. The CPI rose 0.1% in November. The annual CPI peaked at 9.1% in June, which was the biggest increase since November 1981. Price pressures are subsiding as higher borrowing costs cool demand, and bottlenecks in the supply chains ease. That was the smallest rise since October 2021 and followed a 7.1% advance in November. In the 12 months through December, the CPI increased 6.5%. The cost of food consumed at home increased 0.2%. "The mountain peak of inflation is behind us but the question is how steep the downhill is," said Sung Won Sohn, finance and economics professor at Loyola Marymount University in Los Angeles. The report could allow the Federal Reserve to further scale back the pace of its interest rate increases next month.

WASHINGTON - US consumer prices unexpectedly fell for the first time in more than 2½ years in December amid declining prices for petrol and other goods, ...

Excluding the volatile food and energy components, the CPI climbed 0.3 per cent in December after rising 0.2 per cent in November. The government reported last week that the economy created 223,000 jobs in December, more than double the 100,000 that economists say the Fed wants to see to be confident inflation is cooling. Nevertheless, claims have remained low despite high-profile layoffs in the technology industry as well as job cuts in interest rate-sensitive sectors like finance and housing. In December, it projected at least an additional 75 basis points of hikes in borrowing costs by the end of 2023. Economists had forecast 215,000 claims for the latest week. A total of 4.5 million jobs were added in 2022. In the 12 months to December, the so-called core CPI increased 5.7 per cent after advancing 6 per cent in November. In the 12 months to December, the CPI increased 6.5 per cent. Petrol prices fell 12.5 per cent in December, according to data from the US Energy Information Administration. The annual CPI peaked at 9.1 per cent in June, which was the biggest increase since November 1981. [gaining 0.1 per cent in November,](https://www.straitstimes.com/business/economy/us-inflation-slows-in-november-in-smallest-spike-in-year) the Labour Department said on Thursday. That was the first decline in the CPI since May 2020, when the economy was reeling from the first wave of Covid-19 infections.

US CONSUMER prices unexpectedly fell for the first time in more than two-and-a-half years in December amid declining prices for petrol and other goods, ...

The December MoM CPI print was -0.1% . This is the first decline in the MoM print since May 2020!

As a result, the US Dollar has been moving lower and EUR/USD has been moving higher. If the data continues to point to a slowing US inflationary environment, EUR/USD should continue to move higher. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. The headline print was 6.5% YoY vs and expectation of 6.5% YoY and a November reading of 7.1%. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. The December print was 5.7% YoY vs an expectation of 5.7% YoY and a November reading of 6% YoY. Below there, price can move to the bottom trendline of the channel near 1.0520, then the lows of January 6th at 1.0482. This is the first decline in the MoM print since May 2020! If price continues to move higher, the next resistance level is at the April 21st 2022 high of 1.0936, then the high of March 31st at 1.1185. The US Dollar was extremely volatile around the release of the CPI data.

(Bloomberg) -- Gold pared gains fueled by cooling US inflation as traders assessed the Federal Reserve's pace of interest-rate hikes.

Cooling inflation may give the Fed room to slow the pace of its monetary tightening. Still, Fed Bank of Boston President Susan Collins and Philadelphia’s Patrick Harker both advocated moving to a quarter-point hike at the next meeting. Spot gold rose 0.7% to $1,889.46 an ounce as of 10:36 a.m. The Bloomberg Dollar Spot Index fell 0.5%. Inflation needed to fall below expectations for gold to have a sustainable rally and that clearly did not happen.” US inflation continued to slow in December, with the overall consumer price index falling 0.1% from the prior month.

Gold futures rallied above $1900/oz for the first time since May after the U.S. consumer price index fell 0.1% in December, extending declines in the dollar ...

consumer price index fell 0.1%](https://seekingalpha.com/news/3924124-cpi-comes-in-as-expected-core-inflation-eases-to-57-in-december) in December, extending declines in the dollar and U.S. gold futures +0.8% to $1,894.70. [rallied above $1,900/oz](https://www.bnnbloomberg.ca/gold-tops-1-900-for-first-time-since-may-after-us-cpi-drops-1.1869249) Thursday for the first time since May after the [U.S. [GLD](https://seekingalpha.com/symbol/GLD)), ( [GDX](https://seekingalpha.com/symbol/GDX)), ( [GDXJ](https://seekingalpha.com/symbol/GDXJ)), ( [IAU](https://seekingalpha.com/symbol/IAU)), ( [NUGT](https://seekingalpha.com/symbol/NUGT)), ( [PHYS](https://seekingalpha.com/symbol/PHYS)) [XAUUSD:CUR](https://seekingalpha.com/symbol/XAUUSD:CUR)) recently traded +0.7% to $1,889.24/oz after earlier topping $1,901/oz, while U.S. [SPDR Gold Trust ETF (GLD)](/symbol/GLD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGLD), [XAUUSD:CUR](/symbol/XAUUSD:CUR?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AXAUUSD%3ACUR) [IAU](/symbol/IAU?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AIAU), [GDX](/symbol/GDX?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGDX), [GDXJ](/symbol/GDXJ?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AGDXJ), [PHYS](/symbol/PHYS?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3APHYS), [NUGT](/symbol/NUGT?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ANUGT)By: [Carl Surran](/author/sa-editor-carl-surran?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews), SA News Editor [11 Comments](#comments)

Johanna Chua, Chief Asia Pacific Economist at Citigroup Global Markets, shares her view on the US latest inflation number and BOK decision.