US: Disappointing core CPI data – Nordea Markets

Anders Svendsen, Research Analyst at Nordea Markets, explains that today was the second consecutive disappointment to US core CPI, which again came fr  |  11/10/2018 14:15

Anders Svendsen, Research Analyst at Nordea Markets, explains that today was the second consecutive disappointment to US core CPI, which again came from core goods prices, while core services are still showing momentum.

Key Quotes

“Key numbers from the US CPI report for September:

  • US core CPI increased 0.1% m/m (Nordea: 0.2% m/m, consensus: 0.2% m/m, last: 0.1% m/m), keeping core CPI inflation unchanged at 2.2% y/y.
  • US CPI also increased 0.1% m/m, taking headline inflation down to 2.3% y/y in September from 2.7% in August.
  • Details showed that apparel rebounded after a big drop last month, while the price index for used cars and trucks pulled core goods prices down. Medicare services prices also rebounded from last month’s fall.”

“US core CPI is losing momentum with both 3m/3m and 6m/6m back below 2% in annualised terms.”

Share

Popular News

Show More Popular News

Sentiment

Open a Demo Account Open A Live Account

Losses can exceed deposits

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com