Analysts: US CPI data for January is higher than expected, beware that economic forecasts for the March meeting may be affected

Odaily Planet Daily reported that analyst Theodore Littleton said that the US CPI in January was higher than expected, with the overall CPI rising 0.5% month-on-month and the core CPI excluding food/energy rising 0.4% month-on-month. The market generally predicted that both indicators would rise by 0.3%. While the Fed may be able to overlook a bad reading once, we will get another CPI report before the March FOMC meeting, which if it performs similarly could significantly change the outlook for the upcoming Summary of Economic Projections. (Golden Ten)