- NASDAQ snaps five-day losing streak with its best day since November 6
- Crude oil extends to its highest level since July 19. Price is testing a key swing area
- Bitcoin is back above 100K. It was just Monday that the price moved below $90K
- With one war over, Ukraine’s Pres. Zelinskiy sees higher likelihood for the war to end
- Fed’s Beige Book. Economic activity increased slightly to moderately
- More from Fed Williams:Doesn’t say high yields reflecting big inflation view shift
- Fed’s Goolsbee: I still see continued progress on inflation
- President-elect Trump: “We have a deal for hostages in the Middle East”
- European shares enjoy a solid day to the upside
- Fed’s WIlliams; Monetary policy data dependent in highly uncertain environment
- Weekly crude oil inventories show a drawdown of -1.962M versus a -0.992 million
- Fed Barkin: Inflation is coming down toward 2% target. Price pressures continue to ease
- Reuters Poll: BOE to cut bank rate in February. See 100 basis points of cuts in 2025
- Feds Kashkari: Tariffs themselves don’t cause inflation, but retaliation more complicated
- Morgan Stanley see the core PCE at 0.16%
- The core PCE is projected to have increased by 0.19% given the CPI/PPI data
- Canada manufacturing sales for November 0.8% versus 0.5% estimate
- US CPI YoY for December 2.9% versus 2.9% estimate. MoM 0.4% versus 0.3% estimate
- US January Empire Fed -12.6 vs +3.0 expected
- Reuters poll: ECB to cut deposit rate by 25 basis points in January to 2.75%
- Kickstart the FX trading day with a technical look at the EURUSD, USDJPY and GBPUSD
- ForexLive European FX news wrap: UK inflation eases, markets eye US CPI report
- US MBA mortgage applications w.e. 10 January +33.3% vs -3.7% prior
The FX market was showing modest changes coming into the US session as the market braced for the CPI data. Yesterday, the PPI came in weaker than expected.
The Consumer Price Index (CPI), while coming in close to expectations, gave traders confidence that the combination of the PPI and CPI would lead to a tame—or at least manageable—Personal Consumption Expenditures (PCE) price index later this month.
For December, the CPI rose 0.4% month-over-month, the largest increase in nine months, driven largely by a 2.6% surge in energy costs. This pushed the year-over-year headline inflation rate to 2.9%, up from 2.7% in November, marking the highest level since July.
Despite the increase in headline inflation, underlying price pressures moderated. The core CPI, which excludes volatile food and energy prices, rose by 0.2%, slightly below economists’ expectations of 0.3%. This deceleration brought the annual core inflation rate down to 3.2% from 3.3% in November, signaling easing inflationary pressures. Analysts project the core PCE index—the Fed’s preferred inflation gauge—to rise between 0.16% and 0.19%. A figure below 0.2% would be seen as positive for markets, reinforcing expectations of at least two rate cuts in 2025, even after the 100 basis points of cuts already delivered since September.
The markets, which had been concerned about the possibility of zero cuts, responded positively to the CPI data. U.S. stock markets surged, posting their strongest gains since the November 6 post-election rally.
- The S&P 500 gained 1.65%.
- The Dow Jones Industrial Average rose 1.83%.
- The Nasdaq Composite climbed 2.45%.
- The Russell 2000 increased by 1.99%, marking its best performance since November 6.
This rally reflects renewed market optimism as inflation data continues to support a narrative of easing pressures, paving the way for potential rate cuts ahead.
In addition to the CPI data, the Federal Reserve officials provided insights into the economic outlook and monetary policy today:
Richmond Fed President Thomas Barkin expressed optimism about inflation easing toward the 2% target. He noted that price-setting behavior is returning to pre-pandemic patterns, while demand remains solid but not overheated. Barkin emphasized that the job market has stabilized, and the economy shows no signs of significant weakening. He also indicated that long-term interest rates are not restrictive and have not influenced policy adjustments, though uncertainty around incoming fiscal policies adds complexity to the outlook.
New York Fed President John Williams underscored the data-dependent nature of monetary policy amid a highly uncertain environment. He projected moderate growth of 2% and stable unemployment around 4%–4.25%. Williams anticipates continued, albeit uneven, progress toward the 2% inflation target, supported by easing housing-related pressures and a rebalancing of supply and demand. While bond yields have risen, Williams attributed this to term premia rather than inflation expectations, affirming that monetary policy is well-positioned for the current economic climate.
Chicago Fed President Austan Goolsbee shared a cautiously optimistic view, highlighting recent inflation data as reflective of progress toward the 2% target over the past six months. He remains hopeful for a “soft landing” in 2025 but acknowledged lingering uncertainties, particularly regarding fiscal policies that could affect inflation. Goolsbee stressed the importance of assessing the overall impact of government policies, reiterating the Fed’s commitment to achieving its inflation goals.
Later in the day, the Fed’s Beige Book of anecdotal information on the economy, and said that economic activity in late November and December increased slightly to moderately across the twelve Federal Reserve Districts, buoyed by strong consumer spending during the holiday season and modest growth in vehicle sales. However, construction activity declined due to high costs of materials and financing, while manufacturing also saw a slight decrease, with some producers stockpiling inventories ahead of potential tariff hikes. Residential real estate activity was flat, constrained by elevated mortgage rates, though commercial real estate saw a slight uptick. The nonfinancial services sector experienced slight growth, particularly in leisure, hospitality, and transportation, despite a decline in truck freight volumes. Financial services noted modest growth in lending but raised concerns over delinquencies among small businesses and lower-income households. Meanwhile, agriculture faced weak conditions, with lower farm incomes and challenges from weather and avian flu, which drove up egg prices. Energy activity presented a mixed picture, with optimism for 2025 tempered by uncertainties around immigration and tariff policies.
Labor markets showed slight employment gains, particularly in service industries like healthcare and construction, while manufacturing employment remained flat. Employers continued to report difficulty finding skilled workers, although layoffs were rare. Wage growth picked up to a moderate pace, though there were signs of easing wage pressures, reflecting some uncertainty about future staffing needs.
Prices rose modestly overall, with input costs increasing in areas such as health insurance, though some sectors, including retail and manufacturing, reported flat or declining prices. Fuel costs also stabilized in some regions. Price growth is anticipated to persist in 2025, with tariff-related increases remaining a concern for many sectors.
Some market levels near the end of day are showing:
- S&P +1.83%
- Nasdaq +2.45%
- Rusell 2000 +1.99%
- 2 year 4.265%, -9.9 bps
- 10 year 4.655%, -13.3 bps
- Crude oil +$2.85 at $80.35
- Gold rose $17.58 ro 0.69% at $2694.0
- Bitcoin moved back above $100K but is trading just below at $99,686
In the forex, the USD is mixed after earlier declines were reversed.
The USD is ending marginally higher vs the
- EUR (+0.18%), CHF (+0.09%),
HOwever it is lower vs the
- JPY (-0.91%),
- GBP (-0.15%),
- CAD (-0.08%)
- AUD (-0.50%) and the
- NZD (-0.18%).
This article was written by Greg Michalowski at www.forexlive.com.
ADVERTISEMENT:
Hello, sobat pengemar slots Pernah denger semboyan “slot gacor”? jika belum, siap-siap jatuh cinta dengan konsep ini. slot gaco adalah mesin slots yang sering memberi win. Ya, slot-slot ini bisa dibilang sebagai jagoannya buat bawa pulang cuan. any way, gimana sih caranya jumpain slot gaco yang tepat? Tenang Bro and Sis, kita beri tenang aja di tempat ini
Gaming tergaco saat sekarang hanya satu berada Indonesia hanya di yang menyediakan ROI terbaik
Daftarkanlah hanya di :
Informasi mengenai KING SLOT, Segera Daftar Bersama king selot terbaik dan terpercaya no satu di Indonesia. Boleh mendaftar melalui sini king slot serta memberikan hasil kembali yang paling tinggi saat sekarang ini hanyalah KING SLOT atau Raja slot paling gacor, gilak dan gaco saat sekarang di Indonesia melalui program return tinggi di kingselot serta pg king slot
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro
slot demo gacor
slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot gacor
akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo gacor
akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot pragmatic
akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo pragmatic
akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun slot demo
akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
akun demo slot
akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
situs slot terbaru
situs slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
slot terbaru
slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net
luna88 permainan paling top dan garansi imbal balik hasil besar bersama luna88.biz
magnum88 permainan paling top dan garansi imbal balik hasil besar bersama magnum88.live
mainslot888 permainan paling top dan garansi imbal balik hasil besar bersama mainslot888.biz
margo88 permainan paling top dan garansi imbal balik hasil besar bersama margo88.biz
maung888 permainan paling top dan garansi imbal balik hasil besar bersama maung888.info
menang88 permainan paling top dan garansi imbal balik hasil besar bersama menang88.asia
mitra777 permainan paling top dan garansi imbal balik hasil besar bersama mitra777.biz
mitra777slot permainan paling top dan garansi imbal balik hasil besar bersama mitra777slot.biz
msislot88 permainan paling top dan garansi imbal balik hasil besar bersama msislot88.com
nonstop888 permainan paling top dan garansi imbal balik hasil besar bersama nonstop888.biz
nonstop888slot permainan paling top dan garansi imbal balik hasil besar bersama nonstop888slot.com
oxwin777 permainan paling top dan garansi imbal balik hasil besar bersama oxwin777.net
oxwin88 permainan paling top dan garansi imbal balik hasil besar bersama oxwin88.com
pahala88 permainan paling top dan garansi imbal balik hasil besar bersama pahala88.biz
pan88 permainan paling top dan garansi imbal balik hasil besar bersama pan88.info
paris777 permainan paling top dan garansi imbal balik hasil besar bersama paris777.asia
paris777slot permainan paling top dan garansi imbal balik hasil besar bersama paris777slot.biz
perdana88 permainan paling top dan garansi imbal balik hasil besar bersama perdana88.biz
pesiar88 permainan paling top dan garansi imbal balik hasil besar bersama pesiar88.org
pesiarbet88 permainan paling top dan garansi imbal balik hasil besar bersama pesiarbet88.biz
pesiarbet88slot permainan paling top dan garansi imbal balik hasil besar bersama pesiarbet88slot.net
planet777slot permainan paling top dan garansi imbal balik hasil besar bersama planet777slot.biz
populer88 permainan paling top dan garansi imbal balik hasil besar bersama populer88.info
psg777 permainan paling top dan garansi imbal balik hasil besar bersama psg777.biz
puas88 permainan paling top dan garansi imbal balik hasil besar bersama puas88.com
pulaujudi88 permainan paling top dan garansi imbal balik hasil besar bersama pulaujudi88.info
queen88 permainan paling top dan garansi imbal balik hasil besar bersama queen88.biz
quiz88 permainan paling top dan garansi imbal balik hasil besar bersama quiz88.biz
quiz88slot permainan paling top dan garansi imbal balik hasil besar bersama quiz88slot.com
ras77 permainan paling top dan garansi imbal balik hasil besar bersama ras77.biz
ras77slot permainan paling top dan garansi imbal balik hasil besar bersama ras77slot.info
rolex888slot permainan paling top dan garansi imbal balik hasil besar bersama rolex888slot.org
rusiaslot888 permainan paling top dan garansi imbal balik hasil besar bersama rusiaslot888.com
rute88 permainan paling top dan garansi imbal balik hasil besar bersama rute88.info
sabet88slot permainan paling top dan garansi imbal balik hasil besar bersama sabet88slot.com
sakti88 permainan paling top dan garansi imbal balik hasil besar bersama sakti88.info
sakti888 permainan paling top dan garansi imbal balik hasil besar bersama sakti888.biz
sakti888slot permainan paling top dan garansi imbal balik hasil besar bersama sakti888slot.info
satria88 permainan paling top dan garansi imbal balik hasil besar bersama satria88.asia
sawit77 permainan paling top dan garansi imbal balik hasil besar bersama sawit77.net
sayap88 permainan paling top dan garansi imbal balik hasil besar bersama sayap88.biz
sensasi77 permainan paling top dan garansi imbal balik hasil besar bersama sensasi77.biz
sensasi77slot permainan paling top dan garansi imbal balik hasil besar bersama sensasi77slot.info
siap4d permainan paling top dan garansi imbal balik hasil besar bersama siap4d.net
sinar88slot permainan paling top dan garansi imbal balik hasil besar bersama sinar88slot.info
sugih88 permainan paling top dan garansi imbal balik hasil besar bersama sugih88.org
surga8888 permainan paling top dan garansi imbal balik hasil besar bersama surga8888.com
surga888slot permainan paling top dan garansi imbal balik hasil besar bersama surga888slot.biz
surya88 permainan paling top dan garansi imbal balik hasil besar bersama surya88.biz
surya888 permainan paling top dan garansi imbal balik hasil besar bersama surya888.biz
v888toto permainan paling top dan garansi imbal balik hasil besar bersama v888toto.com
vegas888slot permainan paling top dan garansi imbal balik hasil besar bersama vegas888slot.asia
venom88slot permainan paling top dan garansi imbal balik hasil besar bersama venom88slot.org
wis777 permainan paling top dan garansi imbal balik hasil besar bersama wis777.biz
wis777slot permainan paling top dan garansi imbal balik hasil besar bersama wis777slot.biz
xuxu88.org permainan paling top dan garansi imbal balik hasil besar bersama xuxu88.org
zara88 permainan paling top dan garansi imbal balik hasil besar bersama zara88.info
zara88slot permainan paling top dan garansi imbal balik hasil besar bersama zara88slot.net
foya888 permainan paling top dan garansi imbal balik hasil besar bersama foya888.com
dangdut88 permainan paling top dan garansi imbal balik hasil besar bersama dangdut88.org
polaris888 permainan paling top dan garansi imbal balik hasil besar bersama polaris888.info
cuan88slot permainan paling top dan garansi imbal balik hasil besar bersama cuan88slot.net
cuan88 permainan paling top dan garansi imbal balik hasil besar bersama cuan88.asia
calon88slot permainan paling top dan garansi imbal balik hasil besar bersama calon88slot.com
calon88 permainan paling top dan garansi imbal balik hasil besar bersama calon88.biz
axiata88 permainan paling top dan garansi imbal balik hasil besar bersama axiata88.org
artis77 permainan paling top dan garansi imbal balik hasil besar bersama artis77.info
artis77 permainan paling top dan garansi imbal balik hasil besar bersama artis77.biz
gwin88 permainan paling top dan garansi imbal balik hasil besar bersama gwin88.org
santai88 permainan paling top dan garansi imbal balik hasil besar bersama santai88.org
dewanaga777 permainan paling top dan garansi imbal balik hasil besar bersama dewanaga777.biz
dewi18 permainan paling top dan garansi imbal balik hasil besar bersama dewi18.com
dewigg88 permainan paling top dan garansi imbal balik hasil besar bersama dewigg88.com
dewijoker88 permainan paling top dan garansi imbal balik hasil besar bersama dewijoker88.asia
dombatoto88 permainan paling top dan garansi imbal balik hasil besar bersama dombatoto88.net
dunia30 permainan paling top dan garansi imbal balik hasil besar bersama dunia30.com
dunia88 permainan paling top dan garansi imbal balik hasil besar bersama dunia88.biz
erajp88 permainan paling top dan garansi imbal balik hasil besar bersama erajp88.com
fyrewin88 permainan paling top dan garansi imbal balik hasil besar bersama fyrewin88.com
gaca88 permainan paling top dan garansi imbal balik hasil besar bersama gaca88.com
gacha88 permainan paling top dan garansi imbal balik hasil besar bersama gacha88.biz
gacorbet999 permainan paling top dan garansi imbal balik hasil besar bersama gacorbet999.net
gajah88 permainan paling top dan garansi imbal balik hasil besar bersama gajah88.biz
gemoyslot88 permainan paling top dan garansi imbal balik hasil besar bersama gemoyslot88.net
gencar88 permainan paling top dan garansi imbal balik hasil besar bersama gencar88.net
gocap88 permainan paling top dan garansi imbal balik hasil besar bersama gocap88.biz
gol888 permainan paling top dan garansi imbal balik hasil besar bersama gol888.org
grandbet888 permainan paling top dan garansi imbal balik hasil besar bersama grandbet888.biz
gudangslot777 permainan paling top dan garansi imbal balik hasil besar bersama gudangslot777.net
gwd88 permainan paling top dan garansi imbal balik hasil besar bersama gwd88.net
harapjp88 permainan paling top dan garansi imbal balik hasil besar bersama harapjp88.com
himalaya88 permainan paling top dan garansi imbal balik hasil besar bersama himalaya88.biz
hondatoto88 permainan paling top dan garansi imbal balik hasil besar bersama hondatoto88.biz
ikan88 permainan paling top dan garansi imbal balik hasil besar bersama ikan88.biz
imperial888 permainan paling top dan garansi imbal balik hasil besar bersama imperial888.biz
indahjp88 permainan paling top dan garansi imbal balik hasil besar bersama indahjp88.com
indobola33 permainan paling top dan garansi imbal balik hasil besar bersama indobola33.com
indomax888 permainan paling top dan garansi imbal balik hasil besar bersama indomax888.biz
indosloter88 permainan paling top dan garansi imbal balik hasil besar bersama indosloter88.org
interwin888 permainan paling top dan garansi imbal balik hasil besar bersama interwin888.biz
istana88 permainan paling top dan garansi imbal balik hasil besar bersama istana88.biz
