Martes13/12/22 Inflación

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Martes

Eventos económicos

Índice de los pequeños negocios
Inflación

NFIB small-business index Nov. 90.5 91.3
8:30 am Consumer price index Nov. 0.3% 0.4%
8:30 am Core CPI Nov. 0.3% 0.3%
8:30 am CPI (year-on-year) Nov. 7.3% 7.7%
8:30 am Core CPI (year-on-year) Nov. 6.1% 6.3%
8:30 am CPI excluding shelter (3-month rolling SAAR)

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139.12 1.26
Japan: Nikkei 225 27952.29 109.96 0.39
UK: FTSE 100 7445.97 -30.66 -0.41
Crude Oil Futures 74.13 0.96 1.31
Gold Futures 1793.10 0.80 0.04
Yen 137.66 0.02 0.01
Euro 1.0542

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China: Shanghai Composite 3172.36 -6.68 -0.21
Japan: Nikkei 225 27953.35 111.02 0.40
UK: FTSE 100 7445.97

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Crude Oil Futures 74.13 0.96 1.31
Brent Crude Futures 79.04 1.05 1.35
Gold Futures 1793.20 0.90 0.05
Silver Futures 23.605 0.202 0.86
DJIA Futures 34274 5 0.01
S&P 500 Futures 4022

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LAST CHG %CHG
Euro (EUR/USD) 1.0541 0.0003 0.03
Japanese Yen (USD/JPY) 137.64 0.00 0.00
U.K. Pound (GBP/USD) 1.2270 -0.0003 -0.02
Swiss Franc (USD/CHF) 0.9359 -0.0002 -0.02
Chinese Yuan (USD/CNY) 6.9798 0.0023 0.03
U.S. Dollar Index 104.99

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LAST CHG %CHG
Crude Oil Futures 73.47 0.30 0.41
Brent Crude Futures 78.56 0.57 0.73
Gold Futures 1798.50 6.20 0.35
Silver Futures 23.615 0.212 0.91
DJIA Futures 34458 189 0.55
S&P 500 Futures 4044.75 19

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LAST CHG %CHG
Euro (EUR/USD) 1.0549 0.0010 0.09
Japanese Yen (USD/JPY) 137.34 -0.30 -0.22
U.K. Pound (GBP/USD) 1.2301 0.0028 0.23
Swiss Franc (USD/CHF) 0.9359 -0.0002 -0.02
Chinese Yuan (USD/CNY) 6.9809 0.0034 0.05
U.S. Dollar Index 104.94 -0.19 -0.18

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D(%) YIELD CHG
U.S. 10 Year 3.583 -0.030
Germany 10 Year 1.937 -0.003
U.K. 10 Year 3.249 0.049
Japan 10 Year 0.255 -0.001
Australia 10 Year 3.410 0.018
China 10 Year 2.938 -0.00

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https://www.wsj.com/articles/united-air ... 32?mod=mhp

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CPI Report Shows U.S. Inflation Eased in November
Price increases have eased this fall from a four-decade high earlier in year, while Federal Reserve continues to move aggressively

Gwynn Guilford
Updated Dec. 13, 2022 at 8:49 am ET

The Labor Department on Tuesday said that its consumer-price index climbed 7.1% in November from a year ago, down sharply from 7.7% in October—building on a trend of moderating price increases since June’s 9.1% peak.

Core CPI, which excludes volatile energy and food prices, rose 6% in November from a year ago, easing from a 6.3% gain in October. September’s 6.6% increase was the biggest jump since August 1982.

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Prices softened significantly on a month-to-month basis. The CPI increased 0.1% in November from the prior month, compared with 0.4% in October. Core CPI rose 0.2% in November, down from 0.3% in October and 0.6% in August and September. The CPI measures what consumers pay for goods and services.

The Fed has raised its benchmark interest rate this year at the fastest pace since the early 1980s to combat inflation. It is expected to announce on Wednesday a 0.5-percentage-point increase, bringing rates to a range between 4.25% and 4.5%, the highest level since December 2007.

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Inflation soared in 2021 as the economy recovered from the Covid-19 pandemic. Prices leapt as surging consumer demand—fueled by very low interest rates and government stimulus—collided with limited supply caused by pandemic-related disruptions. Russia’s invasion of Ukraine further inflamed inflation worldwide, pushing up prices for energy and other commodities. That culminated in June’s U.S. CPI reading, the highest since 1982.

Overall inflation has eased since the summer as supply bottlenecks have improved. Gasoline prices fell in November, with the national average price of regular unleaded gasoline at $3.26 a gallon on Monday, down by about 50 cents a gallon from a month earlier, according to OPIS, an energy-data and analytics provider. Prices peaked in mid-June at a record $5.02 a gallon.

Inflation remains high, however, and has spread to more labor-intensive services as wages surged in a tight labor market where demand for workers exceeds the number of unemployed looking for jobs. Low unemployment and wage gains are helping fuel consumer spending, which has remained robust despite rapidly rising prices.

Fed Chair Jerome Powell in a recent speech said price trends for services, not including housing, reflect inflationary pressures in the broader economy and were important when gauging inflation’s future path.

“Because wages make up the largest cost in delivering these services, the labor market holds the key to understanding inflation in this category,” he said.

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In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for longer than expected. Illustration: Jacob Reynolds
“The labor market is sort of the last stand where strength there is leading to higher wage growth, and that could continue to pressure inflation,” said Michael Pond, head of global inflation-linked research at Barclays PLC.

Home sales have fallen as mortgage rates increased. An easing of housing costs and the slowing pace of price increases for goods could take some pressure off inflation, said Paul Ashworth, chief U.S. economist at Capital Economics.

“For the next six to 12 months, even without moderation in wage growth, core inflation can come down quite considerably with just the disinflation we’re going to be getting from goods and shelter prices,” he said.

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Mike Smith, owner of Griffith Bag Co., an agricultural-packaging company, said the supply challenges that had made his business difficult over the last two years are receding.

Deliveries of polypropylene bags from India, which his company supplies to the agricultural industry, have returned to normal, following delays of nearly six months in 2021.


Gas prices have decreased since hitting a record high in June.Photo: Brandon Bell/Getty Images
“An order in July showed up in mid-September. It compressed so amazingly fast,” said Mr. Smith, whose business is in Harrisonburg, Va. Though prices for key commodities are still above prepandemic levels, they have started coming down steadily.

“Now we’re back to a mostly normal production cycle, and everything seems to be readily available,” he said.

High inflation has prompted consumers to adjust. Emma Chao, an art director in Brooklyn, N.Y., said she has scaled back on spending as prices surged for rent, health-insurance premiums, and veterinary care.

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She has started buying clothes for her daughter at swaps instead of stores. She scrapped plans to buy a car and instead purchased an electric bike in a Black Friday sale. And she is planning to buy a smaller Christmas tree after a friend told her they were selling for more than $100 in Brooklyn.

“I usually get a 5-foot tree, but this year we’ll just do a 3- or 4-foot tree,” said Ms. Chao, who is 37 years old. “Even then, I haven’t bought one yet because I’m dreading the price tag.”

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LAST CHG %CHG
DJIA 34522.83 517.79 1.52
S&P 500 4081.82 91.26 2.29
Nasdaq Composite 11502.91 359.17 3.22
Japan: Nikkei 225 27954.85 112.52 0.40
UK: FTSE 100 7526.05 80.08 1.08
Crude Oil Futures 74.41 1.24 1.69
Gold Futures 1831.80 39.50 2.20
Yen 135.14 -2.50 -1.82
Euro 1.0639

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LAST CHG %CHG
DJIA 34211.19 206.15 0.61
S&P 500 4044.80 54.24 1.36
Nasdaq Composite 11360.80 217.06 1.95
Japan: Nikkei 225 27954.85 112.52 0.40
UK: FTSE 100 7499.81 53.84 0.72
Crude Oil Futures 74.83 1.66 2.27
Gold Futures 1823.10 30.80 1.72
Yen 135.09 -2.56 -1.86
Euro 1.0644

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LAST CHG %CHG
DJIA 34108.64 103.60 0.30
S&P 500 4019.65 29.09 0.73
Nasdaq Composite 11256.81 113.08 1.01
Japan: Nikkei 225 28167.41 212.56 0.76
UK: FTSE 100 7502.89 56.92 0.76
Crude Oil Futures 75.28 -0.11 -0.15
Gold Futures 1821.30 -4.20 -0.23
Yen 135.40 -0.19 -0.14
Euro 1.0630 -0.0004

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AST CHG %CHG
DJIA 34108.64 103.60 0.30
Nasdaq Composite 11256.81 113.08 1.01
S&P 500 4019.65 29.09 0.73
China: Shanghai Composite 3184.09 7.76 0.24
Japan: Nikkei 225 28166.54 211.69 0.76
UK: FTSE 100 7502.89 56.92