Analyst: CPI Data Undoubtedly Brings March Fed Rate Cut into Consideration

Odaily News Market analyst Ira Jersey stated that the relief from the lack of a substantial jump in US inflation has led to a sense of blind optimism in the market and pushed bond yields higher. The overall CPI's year-on-year increase of 2.7% implies that the core PCE annual rate will be below 2.5%, clearing the path for the Federal Reserve to adopt a more dovish stance. A January rate cut is still not considered a done deal, but this undoubtedly brings the possibility of a March rate cut formally into the consideration range. (Jin10)