February 12 news, financial website Forexlive analysts said that the US CPI in January for four consecutive years higher than expected. Expectations for the Federal Reserve to cut interest rates this year fell from 40 basis points before the release of the report to 31 basis points. Core inflation rose 0.4% month-on-month, and overall inflation rose 0.5% month-on-month, making it difficult to reach the 2% inflation target this year.
Some are talking about California's fires raising housing and used-car inflation (up 2.2% month-on-month), or businesses jumping ahead of potential tariff hikes. These may all be true, but unless the situation reverses quickly, the Fed will wait and see until inflation is very close to 2%. (Golden Ten)
The US CPI in January was higher than expected for four consecutive years, and it is difficult to reach the 2% target this year
2025-02-12 14:12:31
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