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The U.S. will release its December CPI data tonight, and the market expects ongoing inflation.

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The U.S. will release its December inflation data tonight at 21:30, with forecasts indicating continued inflation. Market estimates suggest the overall CPI will rise 0.3% month-over-month (MoM) and 2.7% year-over-year (YoY), while core CPI is also expected to increase by 0.3% MoM and 2.7% YoY. The Cleveland Fed's Nowcast model predicts a slightly lower core CPI of 0.22%, but Wall Street still anticipates little cooling. CME data shows a 95% probability that the Fed will hold interest rates steady in January. Traders are advised to monitor altcoins for potential volatility linked to the inflation data.

BlockBeats News: On January 13, at 21:30 PM tonight, the U.S. will release its December CPI data. The market generally expects the inflation data to show persistent price pressures, with a significant distance still remaining from the Federal Reserve's 2% target.


According to a composite survey by Bloomberg and FactSet: The overall CPI is expected to rise 0.3% month-over-month and 2.7% year-over-year. The core CPI, which excludes volatile food and energy components, is also expected to increase 0.3% month-over-month and 2.7% year-over-year.


Although the Cleveland Fed's Nowcast model predicts slightly lower growth (a 0.22% monthly increase in core CPI), the mainstream view on Wall Street is that inflation has not significantly cooled. Data from the CME Group shows that the market is betting with a 95% probability that the Federal Reserve will keep interest rates unchanged in January.

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