On Wednesday, European stocks, including the FTSE 100 and DAX, experienced modest gains as investors awaited the release of US consumer price index (CPI) data for January. This CPI data is critical as it could indicate inflation trends for 2025 and influence interest rate strategies of the Federal Reserve. Economists anticipate a monthly headline CPI of 0.31%, maintaining a year-on-year rate of 2.9%. Additionally, revisions to seasonal adjustment factors may impact historical data, making today’s report particularly significant.
Traders are particularly focused on the upcoming US consumer price index (CPI) data, which will provide significant insight into inflation trends as we move into 2025.
The forecasted monthly headline CPI sits at 0.31%, with a year-on-year rate of 2.9%, suggesting stable inflation that may curb interest rate reductions.
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