© Reuters.
Investing.com – During these moments of trading, the US Bureau of Labor Statistics revealed the US inflation data that the markets have been anticipating for days. The importance of the data just released is that it reveals information regarding monetary policy.
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The headline and core CPIs recorded an increase on a monthly basis compared to the percentages recorded last month. On an annual basis, the headline CPI recorded a slowdown, while the core CPI stabilized, compared to the rate recorded in the previous reading for the month of October.
Meanwhile, as soon as the data was released, it declined, while it continued to rise.
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Inflation data details
The index for November recorded 3.1%, and expectations indicated an increase by the same percentage, after recording 3.2% last October.
As for 0.1% in November, expectations were at 0.0%, the same as the reading recorded in October.
While (excluding food and energy) it recorded 4% on an annual basis in November, which is what experts expected, and it is the same percentage recorded in last October’s reading. It recorded 0.3% in November, which is what experts also expected, while the percentage recorded in the October reading was 0.2%.
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Gold and dollar now
Gold futures are now up 0.6% to $2,005 an ounce.
While it rose by 0.4% to $1,990 per ounce.
On the other hand, the dollar index fell by 0.4% to 103.3 points.
2023-12-12 13:32:00
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