Analysts: U.S. January CPI data came in higher than expected, wary that economic forecasts may be affected by the March meeting
On 12 February, analyst Theodore Littleton said that US CPI came in higher than expected in January, with the headline CPI rising 0.5% YoY and the core CPI excluding food/energy rising 0.4% YoY, while the market was generally forecasting a 0.3% rise in both measures. While the Fed may have ignored one bad reading, we will get another CPI report before the March FOMC meeting, and a similar performance could significantly change the outlook for the upcoming Summary of Economic Projections.
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