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December CPI: Keeping Rate Cut Hopes Alive

Source: SeekingAlpha

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 ...

Read the full article on Seeking Alpha

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December CPI: Keeping Rate Cut Hopes Alive
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