© Reuters
By Alessandro Albano
Investing.com – US inflation eased again in November, as inflation increased to 7.1% from 7.7% the previous month, a reading not seen since December of last year and which beat the market consensus which expected a 7.4% increase.
The core index, which excludes food and energy, increased at an annual rate of 6.0% from 6.3% in October (consensus +6.1%), with energy prices slowing to 13.1% and food at +10.6%.
Looking at the economic situation, the monthly recorded an increase of 0.1% from 0.4% in October and compared to the +0.3% of the consensus, with the core m/m index standing at +0.2% from 0.3% in October and expected by the market.
These readings, which come one day after the Federal Reserve’s monetary policy decision and which give investors hope for a more decisive slowdown in the increase in interest rates, even if the terminal rate is still expected at 5/5, 25%.
Derivatives, according to Investing.com’s Fed rate, price the possibility of a 50 basis point hike at the Fed meeting at over 70%, with stock indexes soaring after the news: it’s up 3.3%. trades it at +2.4%, while the is positive by 1.5%.
Down sharply, with Treasuries down 3.5% and at 1.065.