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Preview: The U.S. will release the December CPI data tonight at 9:30 PM, and the market generally expects price pressure to remain stubborn
BlockBeats News, January 13: Tonight at 21:30, the United States will release the December CPI data. The market generally expects that this inflation data will show persistent price pressures and remain below the Federal Reserve's 2% target.
According to a composite survey by Bloomberg and FactSet: the overall CPI is expected to rise by 0.3% month-on-month and 2.7% year-on-year. The core CPI, excluding the volatile food and energy categories, is expected to rise by 0.3% month-on-month and 2.7% year-on-year.
Despite the slightly lower forecast from the Cleveland Fed's Nowcast model (core CPI up 0.22% month-on-month), the mainstream Wall Street view is that inflation has not cooled significantly. CME Group data shows that the market is betting with a 95% probability that the Fed will keep interest rates unchanged in January.
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