© Reuters.
Investing.com – Everyone’s expected inflation data was released moments ago, which most expect, according to market expectations, movement, and the dollar, to witness a strong slowdown in inflation data, which will prompt the US Federal Reserve to reduce the violent pace of raising interest rates and monetary tightening, and support the rate hike by 25%. A basis point only at the expected February meeting.
On an annual basis, the headline consumer price index for December increased by 6.5%, just as experts expected it to decline to 6.5% after recording 7.1% last November.
On a monthly basis, the main measure of inflation declined by -0.1%, while experts expected it to remain unchanged after rising by only 0.1% in the November data.
As for (excluding food and energy), it witnessed a slowdown and rose by 5.7%, as experts expected, and on a monthly basis, it rose by only 0.3%, as experts expected.
Unemployment data recorded 205 thousand applications for unemployment benefits, which is less than what experts expected by 10 thousand, as they expected to receive 215 thousand applications for unemployment benefits, and thus the average unemployment claims decreased in 4 weeks from 214.25 thousand to 212.50 thousand.
Real income increased in December by 0.1% after recording a 0.2% increase in November.
The percentage of bets on raising the Fed rose only to 82.9%, to become only 17.1% who believe that the Fed will maintain its pace and raise interest rates by 50 basis points.
Immediate fall of the dollar
And it began to decline immediately after the release of the data, as it now records 102.828 points, losing 0.13% against a basket of foreign currencies. The dollar’s losses widened now, 10 minutes after the data was released, to lose 0.39% of its value against a basket of foreign currencies, and it now records 102.523.
While gold is close to breaking the $1890 resistance and reaching the $1900 threshold for futures contracts, up 0.61%. Gold’s gains widened to add a full point and it is now trading at $1898 an ounce.
Wall Street futures ahead of the data release
Index futures contracts registered US stocks It varied slightly during Thursday’s trading, with investors awaiting the release of US inflation data today.
During today’s trading, the Dow Jones futures contracts recorded a slight increase by 0.09% points and recorded approximately 34140 points, and the S & P index futures contracts recorded a slight increase by 0.05% to settle near 3992 points, while the Nasdaq 100 index futures contracts recorded a slight decline of about 8.00 points to record The equivalent of approximately 11468 points.
It is noteworthy that the US stock indices closed trading yesterday, Wednesday, with a strong rise in all major indices, as the Nasdaq 100 index recorded a rise of about 196.74 points, to settle near 11402 points, and the S&P 500 index rose by 1.28%, to record about 3969 points, and the Dow Jones index rose by about 268.91 points. Almost scored about 33973 points.
