Consumer Price Index Falls Below 2.0% Once Again

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Consumer inflation remained subdued in December due in part to declining energy prices, reports the Bureau of Labor Statistics. The Consumer Price Index (CPI) fell 0.1%, the first decline in nine months and inline with expectations. The Core CPI, which strips out volatile food and energy, was also inline rising 0.2%. On an annual basis, the headline CPI fell to 1.9% from 2.2% while the Core rate was unchanged at 2.2%. The Federal Reserve will take the tame inflation data into consideration when setting monetary policy later this month.

After their recent decline in December, Stocks have surged back so far in the new year after Fed Chair Powell assured the markets that the Fed would be patient on interest rate hikes. The closely watched S&P 500 Stock Index, is up 10% from the low seen on the Christmas Eve meltdown. U.S. Stocks are lower this morning as the week draws to a close. The S&P 500 is a stock market index based on the market capitalizations of 500 large companies listed on the NYSE or NASDAQ.


Consumer inflation remains contained. Stocks bounce back in 2019.


Consumer inflation remained subdued in December due in part to declining energy prices, reports the Bureau of Labor Statistics. After their recent decline in December, Stocks have surged back so far in the new year after Fed Chair Powell assured the markets that the Fed would be patient on interest rate hikes.


The Consumer Price Index (CPI) fell 0.1%, the first decline in nine months and inline with expectations. The closely watched S&P 500 Stock Index, is up 10% from the low seen on the Christmas Eve meltdown.


 

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