Investors Focus On Upcoming December CPI Data Amid Inflation Concerns

According to BlockBeats, following the surprising non-farm payroll data from December, investors are now turning their attention to the December Consumer Price Index (CPI) data, scheduled for release next Wednesday. Analysts Sarah House and Aubrey Woessner from Bank of America anticipate that overall inflation for December will reach a five-month high of 2.9%, up from 2.7% in November. In their report, they noted that the core CPI growth is expected to remain steady at 3.3% for the fourth consecutive month. The analysts suggest that inflation may stagnate this year as the deflationary benefits from improved supply chains and falling commodity prices have diminished, while new challenges from trade policies could emerge.