© Reuters
Investing.com – US inflation data has just been released, on the basis of which the US Federal Reserve will act and determine its policy for the next period, and with it the various markets.
Experts had expected a slowdown in rising inflation in the United States of America, in response to
Inflation Data – Consumer Price Index
It rose 7.7% year-on-year, while experts predicted an 8.0% increase and is said to have increased 8.2% in the latest reading.
While the main rose 0.4% monthly and experts were expecting a 0.6% increase.
Core CPI without food and energy
It increased 6.3% year-on-year, while experts predicted a 6.5% increase and interestingly it increased 6.6% in the latest reading.
On a monthly basis, it only increased by 0.3%, and experts were expecting a 0.5% increase.
Income data
On a monthly basis, the real income data index fell 0.1%.
The US economy received 225,000 jobless claims this week, while experts expected the US economy to receive 220,000 jobless claims, up from 218,000 last week.
The 4-week average of jobless claims came in at 218.75K, down from last week’s 219.00K.
data interpretation
All inflation figures were lower than experts’ expectations, marking a clear slowdown in the rise in inflation in the United States of America.
US Federal Reserve Chairman Jerome Powell said in his latest meeting that the Fed will continue to pursue its goal of lowering inflation and that the long-term interest rate has risen. Markets fell after Powell’s speech, but returned to strong growth following US employment data, which revealed that the US unemployment rate rose to 3.7%, higher than expected.
Markets now
The American fell to 109,138 against a basket of foreign currencies, as the positive results stemmed from the possibility that the US Federal Reserve would slow the pace of the interest rate hike. The dollar index lost 1.14% of its value.
While gold rose more than 1.34% to record $ 1736.42 an ounce.
