美国1月CPI同比增长2.4% 低于市场预期

Core Insights - The U.S. Consumer Price Index (CPI) for January increased by 0.2% month-over-month, lower than the expected 0.3% and the previous value of 0.3% [1] - Year-over-year, the January CPI rose by 2.4%, below the forecast of 2.5% and the prior figure of 2.7% [1] - The core CPI, which excludes food and energy, increased by 0.3% month-over-month, matching expectations and up from 0.2% previously [1] - On a year-over-year basis, the core CPI also rose by 2.5%, in line with expectations but slightly down from 2.6% [1] Market Expectations - Following the CPI data release, the market anticipates a 61 basis point rate cut by the Federal Reserve by 2026, an increase from the prior expectation of 58 basis points [1] - Lindsay Rosner, head of multi-sector fixed income investment at Goldman Sachs Asset Management, indicated that the CPI data did not show the feared strength, making the Fed's "normalization" rate cut path clearer [1] - The Fed's decision will heavily depend on the labor market's performance, as the Federal Open Market Committee (FOMC) is highly sensitive to signs of weakness in the job market [1] - The expectation remains that the Fed will implement two rate cuts this year, with the next anticipated in June [1]