Odaily Odaily reports that Art Hogan, Chief Market Strategist at B. Riley Wealth, commented on the US CPI report: Today's CPI report brought some positive news, with December inflation performing more moderately than the market had previously expected. Overall CPI rose 2.7% year-on-year, in line with expectations; while core inflation was 2.6%, slightly lower than the market's original forecast of 2.7%. If this trend continues, it will provide the Federal Reserve with some policy flexibility to cut interest rates in the first quarter. (Golden Ten)
Strategists: If the inflation trend continues into December, the Fed will have room to cut rates in Q1.
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