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Analyst: The CPI data undoubtedly brings the possibility of a March rate cut by the Federal Reserve into consideration
Svmuu News: Market analyst Ira Zesi noted that relief over the fact that U.S. inflation has not surged significantly has led to blind optimism in the market and driven bond yields higher.The 2.7% year-over-year increase in the headline CPI implies that the annual core PCE rate will be below 2.5%, clearing the way for the Federal Reserve (Federal Reserve) to adopt a more dovish stance. While a rate cut in January is not yet a foregone conclusion, this undoubtedly brings the possibility of a March rate cut firmly into the realm of consideration. (Jin Shi)
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