The US economy remains far from being 'out of the woods' with persistent inflation risks, especially with potential tariff impositions under President Trump complicating the outlook.
Core CPI's 3.2% YoY rise in December highlighted the uneven disinflationary process, while a headline price rise illustrates that inflation concerns remain significant.
Despite a 'skip' expected at the January FOMC meeting, there’s a 30% chance of a cut in March, driven by data deemed 'very good' by Fed officials.
Retail sales in December provide crucial insights into consumer behavior, indicating that while inflation effects are significant, they are not yet leading to strong calls for further rate cuts.
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