{"id":51753,"date":"2023-01-12T09:59:17","date_gmt":"2023-01-12T07:59:17","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=51753"},"modified":"2025-10-17T11:26:13","modified_gmt":"2025-10-17T08:26:13","slug":"us-cpi-rates-in-focus","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ko\/us-cpi-rates-in-focus\/","title":{"rendered":"US CPI rates in focus\u00a0"},"content":{"rendered":"

The USD remained relatively unchanged against its counterparts yesterday yet dropped against safe haven currency JPY, as the market maintained a wait-and-see position in regard to the release of the US CPI rates for December which is expected to be the highlight of the day. It should be noted that the Employment data for December showed that the US employment market remains tight, thus allowing the Fed to remain hawkish yet the CPI rates are expected to slow down. The headline rate on a year-on-year level is expected to slow down to 6.5% yoy if compared to November\u2019s 7.1% yoy and if actually so would be marking a considerable slowdown of inflationary pressures in the US economy. Nevertheless, the rates would still be considerably higher than the Fed\u2019s target of 2% but could solidify the market\u2019s expectations for an easing of the Fed\u2019s aggressive hawkish, stance. Should the rates slow more than the market expects, we may see the USD relenting some ground while should the rates fail to slow down as expected we may see the greenback getting some support. At the same time, it should be noted that US stock markets were on the rise yesterday as the market sentiment tended to improve from exactly the prementioned expectations of a possible easing of the Fed\u2019s aggressiveness with the release of the US CPI rates being a stop before the kick-off of the earnings season on Friday with big banks releasing their reports. Gold\u2019s price failed to benefit from USD\u2019s relative inactivity yesterday, even edged a bit lower yesterday, yet tended to be on the rise during today\u2019s Asian session showing the market\u2019s intentions. Back in the FX market, the Aussie on the other hand failed to actually gather some support during today\u2019s Asian session despite the unexpected widening of its trade surplus for the month of November, adding another plus for the Australian economy after the CPI and retail sales growth rates. Also, the jump of JPY mentioned earlier seems to have been caused by expectations that BoJ may review the side effects of its ultra-loose monetary policy. On the commodities front, we note that oil prices were on the rise yesterday, despite another massive rise of US oil inventories being reported for the past week, as hopes for increased demand from China surfaced. Analysts tend to mention that China\u2019s needs in oil are to rise substantially due to the new Lunar Year festivities and changes in its Covid policy.<\/p>\n\n\n\n

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