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Stock impact report

Economists ask is US inflation numbers too good to be true? [Wealth Professional (Canada)]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
November's “too good to be true” US inflation print is already on probation with economists – and that matters more than the headline numbers for anyone positioning around rates and risk assets. According to CNBC , the Bureau of Labor Statistics said US CPI rose 2.7 percent year over year in November, below the 3.1 percent consensus, while core CPI came in at 2.6 percent versus 3 percent. Monthly gains for both headline and core CPI were 0.2 percent instead of the expected 0.3 percent. That softer profile briefly lifted equities and pushed Treasury yields lower , and traders bumped up the odds of a March rate cut, as per CNBC's summary of CME FedWatch data. The catch is how the data came together. The 43-day US government shutdown forced the BLS to cancel the October CPI report and start November's data collection late, then rely on “nonsurvey data sources” to fill gaps, according to CNN Because October figures were missing, the agency could not calculate normal month-ove Show less Read more
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