December CPI: Keeping Rate Cut Hopes Alive
2025-01-16 19:50:00 ET
Summary
- The December CPI print delivered a much-needed downside surprise, relieving some of the market anxiety that the U.S. economy is at the beginning of a second inflation wave.
- Annual headline inflation picked up to 2.9%, but, more importantly, annual core CPI dipped to 3.2%, with the pace of monthly core inflation slowing for the first time since May last year.
- Monthly headline inflation rose 0.4% in December, as expected, bringing the annual rate to 2.9% - from 2.7% prior.
By Seema Shah, Chief Global Strategist and Christian Floro, CFA, CMT, Market Strategist ...
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December CPI: Keeping Rate Cut Hopes AliveNASDAQ: VGSH
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