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US CPI expected to keep rising in December as last mile of inflation proves stubborn
The US Consumer Price Index (CPI) report for December, a critical gauge of inflation, is set to be released on Wednesday at 13:30 GMT, courtesy of the Bureau of Labor Statistics (BLS). The release of the CPI figures could boost the US Dollar's (USD) upward momentum, though it’s unlikely to prompt any immediate changes in the Federal Reserve’s (Fed) monetary policy plans, at least in the very near term. What to expect in the next CPI data report? Inflation in the US, as measured by the Consumer Price Index (CPI), is expected to rise by 2.9% annually in November, up slightly from 2.7% in November. Core CPI ... (full story)
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- Posted: Jan 15, 2025 7:36am
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 7,397
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