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Preview: US to Release December CPI Data Tonight at 21:30, Market Generally Expects Stubborn Inflation Pressure
Summary: According to reports, tonight at 21:30, the US will release December CPI data. The market generally expects that this inflation data will show that inflation pressure remains stubborn and still below the Fed's 2% target. According to a comprehensive survey by Bloomberg and FactSet: overall CPI is expected to rise by 0.3% month-on-month and 2.7% ...
According to reports, tonight at 21:30, the US will release December CPI data. The market generally expects that this inflation data will show that inflation pressure remains stubborn and still below the Fed's 2% target.
According to a comprehensive survey by Bloomberg and FactSet: overall CPI is expected to rise by 0.3% month-on-month and 2.7% year-on-year. Core CPI, excluding volatile food and energy, is expected to rise by 0.3% month-on-month and 2.7% year-on-year.
Although the Cleveland Fed's Nowcast model predicts slightly lower (core CPI up 0.22% month-on-month), mainstream Wall Street views believe that inflation has not significantly cooled. Data from the Chicago Mercantile Exchange (CME Group) shows that the market is betting with a 95% probability that the Fed will maintain interest rates in January.
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Link: Preview: US to Release December CPI Data Tonight at 21:30, Market Generally Expects Stubborn Inflation Pressure [Copy]
