June 17th 2010 CNBC Stock Market Squawk Box – Jobless Claims & Consumer Price Index
January 9th, 2011 | 
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Over the last two months, consumer spending power has increased and not just because of income gains. A buck actually goes farther as prices have dropped on average, tugged down largely by lower gasoline prices. In May, overall CPI inflation declined 0.2 percent, following a 0.1 percent dip in April. The latest number matched the market forecast. Excluding food and energy, CPI inflation rose 0.1 percent, following no change in both March and April. Analysts had projected a 0.2 percent boost in the core rate. Checking out the components, energy component fell 2.9 percent, following a 1.4 percent dip in April. Gasoline decreased 5.2 percent after a 2.4 percent fall the prior month. Food price inflation came in at flat after posting a 0.2 percent rise in April. Helping to keep the core rate soft was no change in the owners’ equivalent rent subcomponent. This series has either been flat or negative for several months. Also, recreation was flat and medical care edged up only 0.1 percent for the latest month. Year-on-year, overall CPI inflation slowed to 2.0 percent (seasonally adjusted) from 2.2 percent in April. The core rate in May was steady at 1.0 percent. On an unadjusted year-ago basis, the headline number was up 2.0 percent in May while the core was up 0.9 percent. Bond yields edged down marginally on the news with an unexpected but small rise in initial jobless claims also contributing. Equity futures eased but were still positive. Today’s report validates the Fed’s …
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