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Federal Reserve may maintain interest rates in Q1, inflation slowdown process stalls
Summary: According to sources, market research director Matt Weller of financial website Forex.com reported that the overall and core CPI in the United States are expected to increase by 2.7% year-on-year in December. The process of inflation falling back to the 2% target has stalled for over a year, with overall CPI hovering between 2.3% and ...
According to sources, market research director Matt Weller of financial website Forex.com reported that the overall and core CPI in the United States are expected to increase by 2.7% year-on-year in December. The process of inflation falling back to the 2% target has stalled for over a year, with overall CPI hovering between 2.3% and 3%, and core CPI remaining in the mid to high range of 2.5% to 2.9%. Despite inflation being above the target level, the Federal Reserve's concerns about the job market are seen as a more pressing issue. The market expects the federal funds rate to be further lowered this year, but the implied probability of a rate cut at the March meeting is only about 25%.
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