CPI rose 6.5% in December from a year earlier, in line with what economists surveyed by The Journal had projected. So-called core CPI, which excludes volatile energy and food prices, also matched projections.
With this figure, it may not be enough to stop the Fed. It would not surprise me to see markets fell off a bit today with the expectations of a lower-than-expected number, which obviously did not happen. Hence, the market will probably close down with the release of CPI.
@Tiger_chat
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