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Analyst: CPI Data Undoubtedly Puts Fed's March Rate Cut on the Table
Summary: According to sources, market analyst Ella Zessi stated that the lack of substantial increase in US inflation has led to blind optimism in the market and pushed bond yields higher. The overall 2.7% year-on-year increase in CPI implies that the core PCE annual rate will be below 2.5%, clearing the way for the Fed to ...
According to sources, market analyst Ella Zessi stated that the lack of substantial increase in US inflation has led to blind optimism in the market and pushed bond yields higher. The overall 2.7% year-on-year increase in CPI implies that the core PCE annual rate will be below 2.5%, clearing the way for the Fed to take a more moderate stance. While it is not certain that a rate cut in January is a done deal, this undoubtedly puts the possibility of a rate cut in March officially on the table.
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Link: Analyst: CPI Data Undoubtedly Puts Fed's March Rate Cut on the Table [Copy]
