WASHINGTON (Reuters) – U.S. monthly consumer prices rose less than initially estimated in December, revised government data showed on Friday.
The consumer price index rose 0.2% in December instead of 0.3% as reported last month, annual revisions of the CPI data published by the Labor Department’s Bureau of Labor Statistics (BLS) showed. But data for November was revised up to show the CPI increasing 0.2% rather than 0.1% as previously estimated.
The revisions emanated from the annual recalculation of seasonal adjustment factors.
MARKET REACTION:
STOCKS: U.S. stock futures extended a slight gain and were last up 0.2%, still pointing to a solid opening on Wall StreetBONDS: The U.S. Treasury 10-year yield fell and was 4.1618%; Two-year yields fell to 4.467% FOREX: The dollar index was 0.08% lower
COMMENTS:
GENNADIY GOLDBERG, HEAD OF US RATES STRATEGY, TD SECURITIES, NEW YORK
“We’re still…
