Market News

For the week ending January 11, seasonally adjusted initial claims rose to 217,000, reflecting an increase compared to the previous week's revised total.

December CPI rose 0.4%, driven by energy and food price increases, while core inflation slowed to 0.2%. Annual inflation stands at 2.9%.

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.3% in November 2024, seasonally adjusted, following a 0.2% rise in each of the previous four months, according to the U.S. Bureau of Labor Statistics.

The Producer Price Index (PPI) for final demand increased by 0.2% in December, seasonally adjusted, according to the U.S. Bureau of Labor Statistics.

In December 2024, U.S. private businesses added 122,000 jobs, marking the smallest gain in four months and falling short of analysts' expectations of 140,000.

For the week ending January 4, seasonally adjusted initial jobless claims were reported at 201,000, reflecting a decline of 10,000 from the previous week's revised figure of 211,000. 

The U.S. Bureau of Labor Statistics reported that job openings remained largely unchanged at 8.1 million on the last business day of November 2024. While stable month-over-month, this figure is 833,000 lower than the 8.9 million openings recorded in November 2023.

The ISM Services PMI climbed to 54.1 in December 2024, up from 52.1 in November, exceeding the market expectation of 53.3.