Strategist: If inflation persists in December, the Federal Reserve will have room to cut interest rates in Q1
According to ChainCatcher, citing a report from Golden Ten Data, B. Riley Wealth Chief Market Strategist Art Hogan commented on the US CPI report, stating that the CPI report released today shows that the overall CPI for December is 2.7% year-on-year, in line with expectations; core inflation is 2.6%, slightly lower than the market's previous estimate of 2.7%. If this trend continues, it will provide the Federal Reserve with some policy flexibility to cut interest rates in the first quarter.
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