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

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