US consumer price data - Ester Holdings

US consumer price data

  • Core Consumer Price Index (CPI) (y / y) (September), fact 2.2%, forecast 2.3%.
  • Core Consumer Price Index (CPI) (m / m) (September), fact 0.1%, forecast 0.2%.
  • Consumer Price Index (CPI) (m / m) (September), fact 0.1%, forecast 0.2%.
  • Initial jobless claims, fact 214K, forecast 206K.

The report on consumer prices in the USA for September unexpectedly decreased in all respects by 0.1%, which increased the pressure on the US currency across the market. Of particular negative importance is core consumer price index in the US (y/y), which slowed down growth significantly, and remained at the same level for the second month in a row, indicating a slowdown in the US inflation.

Fig. 1.  US Core consumer price index chart (y/y).

 

The US dollar index tested the psychological support of 95.00 on the weak data on the US inflation, confirming the tendency to decline, but reinforcing the oversoldness of the dollar, which acts as a limiting factor for the American dollar.

Fig. 2. The US dollar index chart. The current price is 95.10 (10-year government bonds yield is the blue line)

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