Ella Jersey: December CPI Data Brings Possibility of Fed Rate Cut in March into Consideration
ChainCatcher news, according to Golden Ten Data, market analyst Ella Zezi stated that the relief brought by the lack of a substantial rise in US inflation has led to blind optimism in the market and pushed up bond yields. The overall CPI year-on-year increase is 2.7%, which means the core PCE annual rate will be below 2.5%, clearing the way for the Federal Reserve to take a more dovish stance. Although a rate cut in January is still not considered a certainty, this undoubtedly brings the possibility of a March rate cut officially into consideration.
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