The US Consumer Price Index is set to rise 2.9% YoY in December.
Inflation in the US, as measured by the change in the Consumer Price Index , rose 2.9% on a yearly basis in December from 2.7% in November, the US Bureau of Labor Statistics reported on Wednesday. This reading came in line with market expectations. On a monthly basis, the CPI rose 0.4%, following the 0.3% increase recorded in the previous month. Follow our live coverage of the market reaction to the US inflation data The core CPI , which excludes volatile food and energy prices, rose 3.
However, with the US labour market cooling at a slow pace and inflation remaining stubbornly high, the December inflation report is unlikely to prompt any major shifts in the Fed’s monetary policy. Currently, CME Group’s FedWatch Tool indicates a 97% probability that the Fed will leave rates unchanged at its January 29 meeting. Turning to the EUR/USD, Pablo Piovano, Senior Analyst at FXStreet, shares his technical outlook. He identifies the 2025 low of 1.
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