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US CPI preview: Disinflation has begun, but will it be fast enough for the Fed?
The US CPI report for January will be released at 8:30ET (13:30 GMT) on Tuesday. What are traders expecting from US CPI? Traders and economists are projecting headline CPI to come in at 6.2% y/y, with the core (ex-food and -energy) reading expected at 5.4%. US CPI preview As Federal Reserve Chairman Powell and his band of merry central bankers have been eager to emphasize in recent weeks, the “disinflation process” has undoubtedly begun…but that doesn’t mean that the Fed’s job is done. The central bank wants to see inflation fall closer to its 2% target before waving the “mission accomplished” flag, and ... (full story)