Possible US Fed cut in late 2023 after Dec inflation figures

12 January 2023

 

Summary: US CPI down 0.1% in December, less than expected; “core” rate up 0.3%; inflation easing, expectations building for Fed easing in second half of 2023; Treasury yields fall considerably; rate-rise expectations soften; goods inflation “solved”, services inflation key for 2023; energy prices main driver, subtracts 0.41 ppts. The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the...

read full story