Analyst: The CPI data has undoubtedly brought the possibility of a Fed rate cut in March into consideration.
According to Odaily, market analyst Ella Zezi stated that the relief brought by the fact that US inflation has not substantially surged has led to blind optimism in the market and pushed bond yields higher. The overall CPI year-on-year increase of 2.7% means that the core PCE annual rate will be below 2.5%, which paves the way for the Federal Reserve to adopt a more dovish stance. She still does not believe that a rate cut in January is a foregone conclusion, but this undoubtedly brings the possibility of a March rate cut formally into consideration. (Golden Ten Data)
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