CPI, Jobless Claims in Very Agreeable Ranges

Group 1: Economic Indicators - The Consumer Price Index (CPI) for November showed a headline increase of +0.2%, significantly below the expected +0.3% [1] - Year-over-year headline CPI, known as the Inflation Rate, came in at +2.7%, lower than the consensus expectation of +3.1% [1] - Core CPI year-over-year decreased to +2.6%, also surprising against expectations of +3.0% [1] Group 2: Energy and Food Prices - Energy prices rose by +1.1% over the two-month period, indicating potential for lower figures in the next CPI report [2] - Food prices increased by +0.1% and Shelter prices by +0.2%, suggesting inflation may be easing [2] - Prices for lodging away from home, recreation, and apparel decreased during this period [2] Group 3: Jobless Claims - Initial Jobless Claims for the previous week were reported at +224K, down from a revised +237K the prior week [3] - The 4-week average of Jobless Claims is now +217K, indicating a stable labor market [3] - Continuing Claims rose to 1.897 million from a revised 1.830 million, marking a significant decrease in long-term jobless claims [4] Group 4: Market Reactions - Pre-market futures for major indexes increased significantly following the CPI and jobless claims reports, with the Dow rising from +100 to +215 points [6] - The S&P 500 moved from +41 to +53, and the Nasdaq increased from +280 to +344 points after the news [6] - Bond yields moderated to +4.12% on the 10-year and +3.46% on the 2-year, reflecting positive market sentiment [6]