EUR/USD
1.16616
-0.040%
Gold
4612.13
0.323%
Oil
60.149
0.843%
USD/JPY
158.941
0.496%
GBP/USD
1.34682
0.022%
GBP/JPY
214.070
0.524%
Real-time News
January 13th - According to foreign media reports, as core inflation unexpectedly declined slightly in December, investors rushed to buy US government bonds, causing a sharp drop in US Treasury yields and a sell-off of the US dollar. The US core inflation rate in December was 2.6% year-on-year, failing to accelerate to the predicted 2.7%. While these inflation indicators are unlikely to change expectations that the Federal Reserve will keep interest rates unchanged later this month, they may alleviate concerns that accelerating inflation could delay a new round of rate cuts.January 13th - According to CNBC analysis, the U.S. core consumer price index (CPI) rose less than expected in December, further strengthening market confidence that inflation is cooling as the Federal Reserve considers its next interest rate policy move. Data released Tuesday by the Bureau of Labor Statistics showed that the seasonally adjusted core CPI rose 0.2% month-on-month and 2.6% year-on-year, both 0.1 percentage points lower than market expectations. Overall, both the monthly and year-on-year CPI rates were in line with market expectations. This report indicates to some extent that the pace of price increases is slowing towards the Feds 2% target, but the level remains relatively high. Among the sub-items, housing costs, a key factor with strong inflation stickiness, rose 0.4% month-on-month, becoming the largest single contributor to the CPI increase that month. This category accounts for more than one-third of the CPI and rose 3.2% year-on-year.January 13th - According to Reuters, traders increased their bets on Tuesday that the Federal Reserve might not wait until Fed Chairman Jerome Powells term ends in May to cut interest rates, after the U.S. Bureau of Labor Statistics reported that basic consumer price increases were slightly lower than expected. While traders still believe a June rate cut is the most likely outcome, the latest data projects a 42% probability of a Fed rate cut in April, up from 38% before the data release.January 13th - Market analyst Ira Jersey stated that the reassurance brought by the lack of a substantial surge in US inflation has led to blind optimism in the market and pushed up bond yields. The overall CPI increase of 2.7% year-on-year implies that the core PCE annual rate will be below 2.5%, paving the way for the Federal Reserve to adopt a more dovish stance. While a January rate cut is not considered a certainty, it undoubtedly brings the possibility of a March rate cut under consideration.The New York Times: U.S. grocery prices rose 0.7% in December, the largest monthly increase since October 2022. Compared to the same period last year, prices rose 2.4%.
