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U.S. CPI Fell 0.1% in Oct.; First Drop in Six-Months as Gas Prices Move Lower
November 20, 2013 9:13 AM ESTThe Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.0 percent before seasonal adjustment.
*** Consensus views were looking for a break-even result and 0.2 percent core CPI gain for October.
It was the first drop in CPI over the last six months, according to Dept. of Labor data. Traders will note that inflation still remains below the Fed's goal.
The following is from the official October CPI press release:... More
OECD Trims FY14 Global Growth Outlook; Sees Pressure from Emerging Markets
November 19, 2013 8:29 AM ESTThe global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECDs latest Economic Outlook.
The recovery is real, but at a slow speed, and there may be turbulence on the horizon, OECD Secretary-General Angel GurrÃa said during the Outlook launch in Paris. There is a risk of another bout of brinkmanship in the US, and there is also a risk that tapering of asset purchases by... More
