US CPI data release: will declines be enough to reassure the Fed?
Both Commerzbank and Société Générale are wary of the US CPI data for January due later today. Analysts at both both banks say the expected declines may not be enough to reassure the Fed that inflation is on a sustained downward path.
- Fed officials want more evidence inflation is on a sustainable path back to 2% before they start easing.
- Tuesday’s US CPI report should only marginally add to that evidence, as we expect core inflation …