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Forexlive Americas FX news wrap 12 Feb: Higher US CPI pushes yields higher. USD is mixedIf you wanted a heads up on the higher-than-expected number BEFORE it came out, read ForexLive! Adam nailed it:
In response to the data Morgan Stanley have maintained their call for just one Federal Open Market Committee (FOMC) rate cut this year, in June.
Morgan Stanley analysts suggest that the latest Consumer Price Index (CPI) data signals a firm reading for core Personal Consumption Expenditures (PCE) inflation, though likely softer than the January 24 print.
As a result, they anticipate a gradual decline in year-over-year core PCE inflation throughout Q1 2025. Despite this moderation, the firm maintains its view that the Federal Reserve will extend its policy pause, expecting just one rate cut in 2025, which they forecast will occur in June.Does that look like an uptrend in inflation?
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