Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US inflation firms in November


December, 11 2019
watermark Economic news

According to the Labor Department, U.S. consumer prices increased solidly in November by 2.1% compared with the same month the previous year. Thus, inflation accelerated compared with 1.8% in October and reached its maximum rate over the past year. 


Consumer prices rose 0.3% from the previous month after rising 0.4% in October. Analysts predicted an increase of 2% in annual terms and 0.2% monthly. 


Prices excluding the cost of food and energy (Core CPI) in November rose by 0.2% compared to the previous month and by 2.3% compared with the same month last year. Both indicators coincided with the average expectations of analysts, as well as with the October changes.


The growth rate of food prices in the USA in November slowed down to 1.9% in annual terms from 2.1% a month earlier, medical care – to 4.2% from 5.1%.


The average hourly wage of Americans adjusted for inflation last month increased by 1.1% year on year compared with the revised 1.4% in October.


Energy prices jumped 0.8% in November from the previous month.


Such data could support the Federal Reserve’s intention not to cut interest rates again in the near term after reducing borrowing costs three times this year.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.