In December, US inflation as measured by the consumer price index jumped further, to the annual rate of 7%, compared to + 6.8% in November, and to the record since February 1982. The trend was in line with expectations.
Analysts interviewed by Dow Jones had predicted a 7% jump year-on-year, at the strongest rate since 1982, and a growth of 0.4% on a monthly basis.
Excluding the most volatile components, represented by the prices of food and energy goods, core inflation advanced by 5.5%, compared to the previous + 4.9%.
The core CPI was expected to rise 5.4% yoy and + 0.5% yoy.
The data is published at a time of strong tensions on the markets, which are now betting with a probability of more than + 80% that the first rate hike will arrive as early as March, precisely because of the flare-up in prices, which is making the Fed quite nervous. by Jerome Powell.
Expected tonight for the Fed’s Beige Book, which will take stock of the state of health of the American economy.
Tomorrow, Thursday 13 January, the US producer price index will be announced, another parameter to monitor the inflation trend, which will consequently affect the performance of yields and, again, of Wall Street.