Halister News

(Bloomberg) -- Consumer price index seen rising 0.2% m/m in Nov. after increasing 0.4% in Oct. (forecast range 0% to +0.3%); measures prices paid for consumer goods and services.

• “Swing factor for the inflation trend over the medium term will be the degree to which labor costs put greater pressure on service categories excluding rents”: Bloomberg Intelligence
• Initial jobless claims seen at 255k in week ended Dec. 10 vs 258k prior wk (forecast range 245k to 270k); tallies number of people making first-time claims for unemployment benefits
• Also today:
  • Philadelphia Fed Business Outlook seen at 9.1 in Dec. vs 7.6 in Nov (forecast range 5 to 15); gauge of manufacturing sentiment in Eastern Pennsylvania, Southern New Jersey, Delaware
  • Empire State Manufacturing Survey seen at 4 in Dec. vs 1.5 in Nov. (forecast range 0 to 8); measures sentiment among manufacturers in New York Fed district
  • Current account balance seen at -$111.6b in 3Q vs - $119.9b in 2Q (forecast range -$121.7b to -$108.2b); tracks trade in goods, services, income and current transfers