Core CPI rises less than forecast as inflation pressures ease slightly in December
- First time since July
- "core" basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI) climbed 0.2% over the prior month, a deceleration from November's 0.3% monthly gain.
- latest economic data that the Federal Reserve will consider before its next interest rate decision later this month.
- Stocks rallied with the wake of this report and 10 year Treasury yield fell 12bp to below 4.7%
- Although inflation has been slowing, it has remained above the Federal Reserve's 2% target on an annual basis.
uptick: an increase in the number or amount of something
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USD/KRW exchange rate: 1,455.24원
USD/JPY exchange rate: 155.38엔
USD/CNY exchange rate: 7.3271위안
CNY/KRW exchange rate: 198.61원
DXY: 108.97
US Treasury 30Y yield: 4.855%
US Treasury 10Y yield: 4.609%
US Treasury 2Y yield: 4.236%
KTB 30Y yield: 2.664%
KTB 10Y yield: 2.816%
KTB 2Y yield: 2.635%
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