U.S. January Core CPI Forecasts Show Varied Predictions Among Financial Institutions

Financial institutions have released their forecasts for the U.S. January unadjusted core Consumer Price Index (CPI) year-on-year rate, with predictions ranging from 2.4% to 2.6%. According to Jin10, Jefferies Group and Capital Economics anticipate a 2.4% increase, while ABN AMRO and ANZ Bank forecast a 2.5% rise. Other banks, including Danske Bank, BNP Paribas, Bank of America, and Citigroup, also expect a 2.5% increase. Lloyds Bank, Dekabank, Goldman Sachs, and ING Group share similar expectations, predicting a 2.5% rise. Pantheon Macroeconomics, Scotiabank, Standard Chartered, and Wells Fargo align with this forecast as well. Barclays, HSBC Holdings, Nomura Securities, and TD Securities project a slightly higher increase of 2.6%, joined by Morgan Stanley, UBS Group, UniCredit, and Regions Bank. For the seasonally adjusted core CPI month-on-month rate, predictions vary from 0.2% to 0.4%. Jefferies Group and Capital Economics foresee a 0.2% rise, while ABN AMRO and ANZ Bank expect a 0.3% increase. Danske Bank, BNP Paribas, Bank of America, and Citigroup also predict a 0.3% rise. Lloyds Bank, Commerzbank, Daiwa Capital, and Dekabank share similar expectations, forecasting a 0.3% increase. Goldman Sachs, ING Group, Mizuho Securities, and Moody's Analytics align with this prediction. Wells Fargo, Pantheon Macroeconomics, Scotiabank, and Standard Chartered also anticipate a 0.3% rise. Barclays, HSBC Holdings, JPMorgan Chase, and Nomura Securities project a higher increase of 0.4%, joined by Morgan Stanley, TD Securities, UBS Group, and UniCredit.