From Investing.com: 2025-02-13 06:04:00

In January, US CPI rises to 3.0%, surpassing expectations of 2.9%. Core CPI also increases to 3.3%, signaling ongoing inflationary pressures. Fed Chair Powell addresses lawmakers, admitting more work is needed on inflation.

Despite surging yields, the US dollar fails to sustain gains. Trump announces Ukraine peace talks with Putin, but gold remains undeterred. Euro and pound rise on hopes of peace.

Market reaction mixed as Euro climbs on peace prospects, while gold nears all-time high amid fears of more tariffs. Yen strengthens on safety flows, pound boosted by surprise UK GDP growth. Fed rate cut bets reduced, with uncertainty over future monetary policy.



Read more at Investing.com: US Dollar Slips Despite Hot CPI as Trump Kick-Starts Ukraine Talks