Wall Street predicts that US December CPI could rise to 3.0%, returning to the 3% level after 5 months, and core CPI could rise from 3.3% to 3.4%. The market drops the expectation of a rate cut by the Fed this year. Bank of America said that if long-term inflation expectations get out of control, the Fed may even consider raising interest rates.
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Wall Street predicts that US December CPI could rise to 3.0%, returning to the 3% level after 5 months, and core CPI could rise from 3.3% to 3.4%. The market drops the expectation of a rate cut by the Fed this year. Bank of America said that if long-term inflation expectations get out of control, the Fed may even consider raising interest rates.