20th Anniversary Deals: Get Them While They Last
The Federal Reserve’s favorite inflation measure is expected to cool to 2.6% in January, reaching its lowest point since June.
While this shows progress, Fed officials remain cautious about cutting interest rates further because inflation is still well above their 2% target. The improvement is mainly coming from areas that were already moderating, while other sectors continue to show concerning price increases.
The report will be released alongside trade deficit data, which hit a record in December and will likely become a focus for President Trump. Bloomberg Economics suggests consumer spending may have fallen in January, potentially weakening the case for “Trump Trade” investments based on higher inflation expectations.
