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Inflation Slows To December 2021 Lows, Wall Street Soars From

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Written by Alessandro Albano – U.S. inflation eased again in November, with inflation rising to 7.1% from 7.7% in the prior month, a reading not seen since December of last year that beat market expectations of a 7.4% increase.

The core index, which excludes food and energy, rose at an annualized rate of 6.0% from 6.3% in October (consensus +6.1%), with energy prices slowing to -13.1% and food +10.6%.

Looking at the economic situation, the month posted an increase of -0.1% from -0.4% in October and compared to +0.3% consensus, with core m/m settling at +0.2% from -0.3% in October expected by the market.

The readings come a day after the Federal Reserve’s monetary policy decision gives investors hope for a more decisive slowdown in interest rate increases, even if the final rate is still expected at 5/5, 25%.

Derivatives, according to’s Fed rate, price the possibility of a 50 basis point hike at the Fed meeting more than 70%, with equity indices higher after the news: up 3.3%. It is trading at +2.4%, while positive -1.5%.

It fell sharply, with Treasury notes down 3.5% and at 1,065.

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