{"id":77136,"date":"2024-02-14T11:20:10","date_gmt":"2024-02-14T09:20:10","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=77136"},"modified":"2025-12-11T15:10:11","modified_gmt":"2025-12-11T13:10:11","slug":"us-cpi-rates-imply-persistent-inflationary-pressures","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/zh\/us-cpi-rates-imply-persistent-inflationary-pressures\/","title":{"rendered":"US CPI rates imply persistent inflationary pressures"},"content":{"rendered":"

The US CPI rates for January came in higher than expected, implying persistent inflationary pressures in the US economy. The headline CPI rate on a year-on-year level came in at 3.1%, whilst the Core CPI rate on a year-on-year level came in at 3.9%. Both rates tended to highlight our concerns that the market\u2019s expectations of the Fed rapidly easing on its monetary policy agenda, may have been overoptimistic. As such, at the time of this report, market participants are now expecting 4 rate cuts, down from 6 since the beginning of the year, with the first-rate cut expected to occur in June. Yet we maintain our opinion that the Fed may cut three times this year, rather than four. Following the release, the dollar appears to have strengthened, and should the hawkish rhetoric intensify by the Fed, we may see the dollar gaining in the future as well. The UK\u2019s CPI rates for January came in lower than expected, implying easing inflationary pressures in the UK economy. The release could potentially allow the BoE to dial down its hawkish rhetoric, as its current restrictive monetary policy appears to be providing positive results in the battle against inflation. The apparent easing of inflationary pressures in the UK economy, could weigh on the pound. Over in Europe, Germany\u2019s ZEW Economic sentiment figure for February came in better than expected yesterday, which may have alleviated some downwards pressures on the EUR. In the US Equities markets Coca Cola (#KO) reported better-than-expected earnings, which may support the company\u2019s stock price. We also would like to note that Cisco System\u2019s (#CSCO) earnings are due out today.<\/p>\n\n\n\n

\n