US CPI report for January expected at 2.9% y/y headline inflation and 3.1% y/y core inflation.

From Investing.com: 2025-02-11 02:25:00

The US CPI report for January is expected to show 2.9% y/y headline inflation and 3.1% y/y core inflation. The Fed is likely to remain on hold for the next few months, with a hotter-than-expected CPI print potentially leading traders to rule out rate cuts in 2025. The US Dollar Index (DXY) is rallying off support, with the potential for extended gains toward 109.00. The report will be released on February 12 at 8:30 ET. Traders are closely watching the data’s impact on central bank policy and market movements, with inflation remaining a key focus for the Fed.



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