Data from the US Department of Labor
Inflation in the United States has grown by 0.5% monthly he was born in 7.0% on an annual basis in December, maximum value since June 1982. He did know the US Department of Labor, adding that theconsumer price index core, carefully monitored by the Federal Reserve, it rose by 0.6% at the quarterly level and increased by 5.5% year-on-year. THE energy prices, again in December, they fell by 0.4%, while those of food generals increased by 0.5%.
“The report CPI December will be shocking to some investors as it does we have not seen such a high number “in almost 40 years”, he has declared Brian Price, head of investment management at Commonwealth Financial Network. “However, this reading has been widely expected by many and we can see that reaction in the bond market as long-term interest rates are falling so far this morning.”
“We may be close to the peak, but the risk is that inflation will stay higher for longer and we could see a more aggressive response from the Fed“, he warns instead James Knightley, chief international economist from Ing. Indeed, “the risks are likely to be oriented towards a more prolonged rise in inflation, with the Federal Reserve which ends up responding more aggressively to keep him under control. “
This is because labor costs “are accelerating, companies have pricing power, i lockdown in China in response to a zero-Covid policy are likely to prolong supply chain tensions while inventory rebuilding could keep demand out of supply for some time, “Knightley concludes.
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