martedì 18 giugno 2013

USA: CPI and housing market sligthly weaker than expected

May headline consumer price inflation rose by 0.1%, below expectations of a 0.2% increase, and up 1.4% from the prior year. Core CPI, excluding food and energy, rose by 0.2% in line with expectations, and up 1.7% from past year.
These numbers confirmed that inflationary pressures are non-existent now, strenghtening the view that the Fed could continue in its asset purchase programme at current pace.
Housing market data came out slightly worse than market expectations. Housing starts set at 914K, below expectations of 950K, and permits at 974K (exp. 975K).

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