Tue, 13 Dec 2022 13:33:56 GMT
US inflation is below expected
The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%.
The markets reacted to the news with an immediate spike up, as US 500 index hit the 4,140.00 mark.