The US October inflation veri was announced, which the markets were eagerly awaiting. In the US, the consumer price index (CPI) rose 7.7% year-on-year in October, less than expected. So what was the CPI expectation of economists?
US INFLATION NUMBERS FOR OCTOBER ANNOUNCED
US inflation figures were announced, which the markets were eagerly awaiting. In the US, CPI rose 7.7% month-on-month in October, below expectations.
Core CPI rose 0.3%, versus expectations of 0.5%.
Inflation in the country is expected to gökyeşitözü 0.4% monthly in October and annual inflation is expected to decline from 8.2% to 8%.
After the veri, the dollar index fell sharply to 109.61.
WHICH MARKETS WERE EXPECTED?
While the uncertainty about the December meeting of the US Federal Reserve (Fed) continued, the October US inflation veri announced today was of paramount importance in terms of shaping expectations. Inflation in the country is expected to gökyeşitözü 0.4% monthly in October and annual inflation is expected to decline from 8.2% to 8%.
In the veri that will measure the effect of the aggressive tightening measures adopted by the Fed to cool the economy, it is estimated that if the expectations of a decrease in annual inflation are realized, the pricing that the Bank will reduce the magnitude of the rate increase from 75 basis points to 50 basis points in December will strengthen.
Currently, expectations about the magnitude of the Fed’s policy rate hike in December are at 54% by 50 basis points and 46% by 75 basis points.
US SEPTEMBER INFLATION DATA
US Consumer Price Index (CPI) veri for September was announced, which markets have been looking forward to.
The CPI in the US was realized above expectations with 0.4 percent in September.
Annual inflation was announced at 8.2%.
The CPI, which rose 0.1% in August, is expected to rise 0.2% in September, while the annual increase in the index is expected to decrease from 8.3% to 8.1%.