Strategist: If the inflation trend persists in December, Federal Reserves will have room to cut rates in Q1
Svmuu News: Art Hogan, Chief Market Strategist at B. Riley Wealth, comments on the U.S. CPI report: "Today's CPI report brought some good news, as inflation in December was more moderate than the market had previously anticipated."Headline CPI came in at 2.7% year-over-year, in line with expectations, while core inflation was 2.6%, slightly below the market’s prior forecast of 2.7%. If this trend continues, it will provide the Federal Reserve (Federal Reserve) with some policy leeway to cut interest rates in the first quarter. (Jin Shi)
Source:Odaily · Source Link
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