Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
1. Total CPI inflation accelerated to 2.9%, highest since July 2024. 2. Core CPI slightly decelerated to 3.2%, remaining elevated. 3. Fed unlikely to change rates on January 29 due to strong inflation data. 4. Potential rate cuts may occur in mid-2025 if inflation eases. 5. Expectations for future rate cuts remain low, impacting financial markets.