Analysts: US CPI data for January is higher than expected, beware that economic forecasts for the March meeting may be affected
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Odaily reports that analyst Theodore Littleton stated that the US CPI for January was higher than expected, with the overall CPI rising 0.5% month-on-month and the core CPI excluding food/energy rising 0.4% month-on-month, while the market generally expected both indicators to rise 0.3%. Although the Fed may ignore a single poor data point, we will receive another CPI report before the March FOMC meeting, and if the performance is similar, it may significantly change the outlook for the upcoming Summary of Economic Projections. (Gold Ten)
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