Analysts: US CPI data shows dovish signals, but government shutdown may have artificially suppressed the reading.

According to TechFlow TechFlow on February 13th, citing Jinshi Data, Adam Button, an analyst at the US financial website InvestingLive, commented on the US CPI data, noting that after the release of the CPI data, the market's pricing of the Federal Reserve shifted slightly towards a dovish stance, leading to a weakening of the US dollar and the S&P 500 futures erasing earlier losses. It's worth noting that due to the government shutdown, October CPI data was missing, and November data collection started later than usual, covering more seasonal holiday discounts. Economists generally warned that these confounding factors may have artificially suppressed the readings. Meat prices became a prominent focus, surging 8.9% year-on-year, the largest increase since 2022, with fresh ground beef rising nearly 15%. Although this lower-than-expected report was welcomed by the market and provided support for the Federal Reserve to continue cutting interest rates, analysts emphasized that the December report will reveal underlying inflation trends more clearly.