Strategist: If December Inflation Trend Persists, Fed Will Have Room to Cut Rates in Q1

Odaily News B. Riley Wealth Chief Market Strategist Art Hogan commented on the US CPI report: Today's CPI report brought a bit of good news, with December inflation performing more mildly than the market had previously expected. The overall CPI year-on-year was 2.7%, meeting expectations; while core inflation was 2.6%, slightly below the market's original forecast of 2.7%. If this trend can continue, it will provide the Federal Reserve with some policy maneuvering room for a rate cut in the first quarter. (Jin10)