June 28, 2022

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US inflation rises since 1982, Wall Street positive by Investing.com

© Reuters

By Alessandro Albano

Investing.com – US reaches 40-year high, accelerates central bank QE exit strategy and opens door for H12022 rate hike CME futures.

According to Department of Labor, The annual rate rose to + 6.8% in November (as expected) to + 6.2% in October, while the key index – excluding food and energy – rose to + 4.9% from + 4.6% in October. New high since June 1991.

For the energy component (+ 33%) and fuel (+ 58%), the food index rose 6.1%, again having the biggest impact on inflation. Price pressure for new (+11) and used (+ 31%) vehicles is also important.

Positive reaction on Wall Street, + 0.7%, + 0.7% and + 0.5%. At the yield curve, the T-bond is almost constant at 0.686%, while it is stable at 1.5% yield. Moved even a little.

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