US Consumer Price Index data for January could affect timing of Federal Reserve rate cuts

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US Consumer Price Index data for January could affect timing of Federal Reserve rate cuts
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The high-impact US Consumer Price Index (CPI) inflation data for January will be published by the Bureau of Labor Statistics (BLS) on Tuesday at 13:30 GMT.

The US Consumer Price Index is set to rise 3% YoY in January, down from December’s 3.4% increase. Annual Core CPI inflation is expected to edge lower to 3.8% in January. The inflation report could impact the US Dollar by providing clues as to the timing of Fed policy pivot. The high-impact US Consumer Price Index inflation data for January will be published by the Bureau of Labor Statistics on Tuesday at 13:30 GMT.

” Economic Indicator United States Consumer Price Index ex Food & Energy Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as the Consumer Price Index . CPI data is compiled on a monthly basis and released by the US Department of Labor Statistics. The YoY reading compares the prices of goods in the reference month to the same month a year earlier.

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