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The energy industry is constantly changing and evolving, and with it comes energy price news, articles, and videos. Energy price news, articles, and videos can help you stay informed about the latest trends in the energy market and how they may affect your utility bills, energy consumption, and overall energy costs. Whether you are a homeowner, business owner, or just someone looking for more information about energy, you can find energy price news, articles, and videos to help you make more informed decisions about your energy usage. Energy price news, articles, and videos can provide valuable insight into the energy market, including information on the latest energy price trends, changes in energy regulations, and the best ways to save money on your energy bills. In addition, energy price news, articles, and videos can provide information on energy efficiency improvements and energy-saving tips. With energy price news, articles, and videos, you can learn about the various types of energy sources, such as renewable energy sources, and how they may affect your energy bills. You can also find out more about energy-related government incentives, such as tax credits, and how they can help you save money on energy costs. In addition to energy price news, articles, and videos, you can also
US headline PCE price index rose 0.1% mom in November, below expectation of 0.2% mom. Core PCE price index (excluding food and energy) also rose 0.1% mom, below expectation of 0.2% mom. Prices for goods increased less than 0.1% mom and prices for services increased 0.2% mom. Food prices increased 0.2% mom and energy prices also increased 0.2% mom.
Japan's Tokyo core CPI (excluding food) rose from 2.2% yoy to 2.4% yoy in December, marking its highest level since August but falling short of expectations for 2.5%. The increase was largely driven by a 13.5% yoy surge in energy prices, reflecting the phase-out of government subsidies for gas and electricity bills. However, when excluding utility costs, inflation pressures appear steady.
The European Central Bank may delay its next interest rate cut due to a recent increase in inflation, which accelerated to 2.2% in November from 2.0% in October, surpassing the ECB's target of 2%. Governing Council member Robert Holzmann cites rising energy prices and potential euro devaluation as contributing factors.
The December CPI report should indicate that the underlying trend in inflation is not re-accelerating, but it is unlikely to allay the FOMC's increased concerns that inflation has become stuck uncomfortably above its target. We look for the headline CPI to rise 0.4% on the back of a strong gain in energy prices, which would push the year-over-year rate up to a five-month high of 2.9%. Excluding food and energy, price growth looks to have been more moderate in December. After advancing 0.3% for four consecutive months, we look for the core index to increase 0.2%. If realized, that would leave the year-over-year rate at 3.3% for a fourth straight month. While we do not believe progress in the fight against inflation is going into reverse, we do see it stalling this year as earlier tailwinds to disinflation from supply chain improvements and lower commodity prices have faded and as fresh headwinds from trade policy are likely to emerge.
UNITED STATES PRESIDENT Donald J. Trump’s recent policy announcements have mixed implications for the Philippines, with potential benefits from lower energy prices due to boosted US oil and gas production but concerns over US inflation and protectionist trade policies that could affect the Philippine economy and its trade relationship with the US, according to analysts.
US yields and crude oil fell, and the S&P500 extended gains to a fresh ATH yesterday, as US President Donald Trump said – in his virtual speech in Davos – that he would push for further interest rate cuts and ask OPEC to lower crude prices. He also brought the tariff talk on the table, saying that the EU countries must consider bringing some production to the US to avoid penalties, he said that he will ask NATO members to increase military spending to 5% of their GDP, and that he is willing to lower the corporate tax rate from 21% to 15%. Except for the aim of lowering energy prices, most of Trump’s wishes are inflation-boosters.