Daily Commentary BY THE CURVE TEAM –

Daily Insights – US Inflation

13 December, 2021

Key Updates

  • Tuesday – Business Confidence and Conditions for November.
  • Wednesday – Consumer confidence for December.
  • Thursday – Employment for November.

US Inflation

  • US CPI was up 0.8% in November and 6.8% annually.
  • Core inflation was up 0.5% for the month and 4.9% for the year.
  • As Powell mentioned last week, there is evidence of persistent forms of inflation.

UK GDP

  • Underwhelmed, rising 0.1% for the month.
  • GDP is still 0.5% below pre pandemic levels.
  • Services recovered strongly, up 0.4% for the month.

Josh Stewart

Associate - Money Markets