The first fresh inflation reading since the government shutdown showed prices unexpectedly eased in November, though the report may not immediately change the Fed’s outlook because of potential distortions in the data. “This looks like positive news overall, but the lack of detail and the absence of data collection during the shutdown introduce a degree of skepticism that’s hard to ignore,” said Olu Sonola, head of US economic research for Fitch Ratings. “We’ll need to wait until next month for a clearer ...

New data this morning from the Bureau of Labor Statistics shows inflation unexpectedly cooled in November. Let's bring in the co-anchor of CNBC Squawkbox and the New York Times columnist Andrew Ross Sorc. And Andrew, let's talk about the numbers and how maybe the the sort of disappointing jobless rate going up may have actually cooled other things off in the economy.So I I think we have to look I don't want to say with too much skepticism, but I think we have to look at this particular number with skepticis ...

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]

Bitcoin, Ethereum Rise Following Soft US Inflation Data► https://t.co/eOwG4Da8px https://t.co/eOwG4Da8px ...

Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.73%. China’s Shanghai Composite closed up +0.16%. Japan’s Nikkei Stock 225 fell to a 3-week low and closed down -1.03%.The markets are discounting a 27% chance that the FOMC will cut the fed funds target range by 25 bp at the next FOMC meeting on January 27-28.This week's market focus will be on US economic news. On Friday, Nov existing home sales are expected to be up +1.2% m/m to 4.15 million. Also, the University of Michigan Dec consumer ...

Bitcoin and Ethereum grew volatile on Thursday, whipsawing after a widely watched inflation gauge indicated that consumer prices rose less than expected last month. The cryptocurrencies respectively popped as high as $89,000 and $2,980 before U.S. markets opened, as delayed data from the Bureau of Labor Statistics edged rate cut hopes higher. However, when the opening bell rang, Bitcoin and Ethereum wavered. As of this writing, Bitcoin had fallen 1.6% over the past week to $88,399, according to CoinGecko. ...

Chief UK economist Sanjay Raja said the members of the MPC at the Bank of England had become “increasingly focused on an uncertain neutral rate” where borrowing costs neither stimulate nor restrict the economy.Interest rates will be cut in March and June next year amid a sharp drop in inflation and a “deteriorating” jobs market, Deutsche Bank said.Cheaper deals have already started to hit the market, as lenders are pricing Thursday’s decision into their current deals – as well as one or two further cuts exp ...

Good Thursday morning. Welcome to Opening Bid. I'm Yahoo Finance executive editor Brian Sazi.Let's get right after it. Here's what's on my mind right now. Inflation in President Trump's late night TV show.The consumer price index rose 2.7% in November according to new data out today. The headline result came in below estimates for a 3.1% increase. Consumers are still being pinched by high healthcare, rent, and food costs this holiday season, though.On the other end of the spectrum, we have President Trump d ...

Let's get to Kevin Green to unpack all of this information that we've been chewing on this morning. We've got plenty to get across today. Of course, starting first and foremost with that delayed CPI report that's given us the green light this morning, KG.Cooler than expected. Um, obviously it's got a few holes in it given we didn't get October's numbers. So, nothing to work with sequentially, but what do you make of it and then obviously the market reaction this morning.Yeah, a couple of holes within this r ...

Let's talk a bit more about the data this morning in the market with Mona Mahajin. Edward Jones, head of investment strategy, joins us here at Post9. Always good to see you.Welcome. Happy holidays. Um, you think there's time for a rally to show up before you're in.>> You know, look, um, Santa Claus came a little bit to town this morning. We enjoyed seeing that CPI print come in well below expectations. What particularly caught our eye was the core CPI reading.Nice to see 2.6%. You know, keep in mind twothir ...