Core Insights - Financially-stressed middle-class families are unlikely to find relief in the latest Consumer Price Index (CPI) report, indicating ongoing economic challenges for this demographic [1] Group 1 - The latest CPI report suggests that inflation continues to impact middle-class families, with no significant relief in sight [1] - The report highlights persistent financial strain on middle-class households, which may affect consumer spending and overall economic growth [1]

Group 1 - The president of the Richmond Federal Reserve, Barkin, stated that businesses are still passing on price increases due to tariffs to consumers, indicating ongoing cost pressures that may lead to inflation over time [1][2] - Most businesses currently have more confidence in the scope of tariffs compared to a year ago, suggesting a shift in sentiment within the corporate sector [1] - Barkin expressed optimism about the recent Consumer Price Index (CPI) results, noting they were lower than expected, although he remains cautious about the reliability of any single report [2] Group 2 - The inflation rate is above the target, but there seems to be no accelerating trend in inflation, and while unemployment has risen, it is not out of control [2] - Countries with independent central banks tend to perform better economically, according to Barkin, highlighting the importance of central bank independence [2]

Key Takeaways CPI Inflation Rate Came In-Line Month over Month to 2.7%Oil and Gasoline Prices Moved Lower; Food and Shelter Rose AgainJPMorgan and Delta Air Lines Beats Estimates on Top and Bottom LinesTuesday, January 13th, 2026A new Inflation Rate hits the tape this morning, coming in flat month over month to +2.7% — still -30 basis points (bps) from the recent high +3.0% back in September. It continues an abrupt turnaround in Consumer Price Index (CPI) year over year, which had risen +70 bps from April t ...

住房指数环比上涨0.4%，同比上涨3.2%，是推动月度CPI上涨的最大单一因素，其中业主等价租金与实 际租金均环比上涨0.3%，异地住宿环比涨幅达2.9%。能源指数环比上涨0.3%，同比上涨2.3%，管道燃 气服务环比大涨4.4%，同比涨幅高达10.8%，而汽油价格环比下降0.5%，同比下跌3.4%，部分抵消了能 源服务的上涨压力。 转自：新华财经 新华财经北京1月13日电 (王晓伟）美国劳工统计局（BLS）发布数据显示，2025年12月美国城市消费者 价格指数（CPI-U）经季节性调整后环比上涨0.3%，同比上涨2.7%，与11月同比涨幅持平，通胀水平保 持稳定。核心CPI（剔除食品和能源）环比上涨0.2%，同比上涨2.6%，显示剔除波动因素后的物价走势 温和。 12月食品指数环比上涨0.7%，同比上涨3.1%。其中，家庭食品与外出就餐价格同步环比上涨0.7%，家 庭食品同比上涨2.4%，外出就餐同比涨幅更高达4.1%。细分品类中，乳制品环比上涨0.9%，其他家庭 食品环比上涨1.6%，而肉类、家禽、鱼类和蛋类指数环比微降0.2%，鸡蛋价格环比大幅下跌8.2%。 环比上涨的品类包括娱乐（1.2%，创1993 ...

NZD/USDOne place I am very interested in is the New Zealand dollar. The New Zealand dollar seems to have a bit of a brick wall at 0.58 and therefore, if CPI comes in even, I think, as expected, I am probably going to be looking to short this. If we break down below 0.57, I think we have another handle to go, would be my immediate guess.GC (Gold)With the US dollar behaving the way it is, gold will be interesting. That CPI figure I think will have a major impact on gold in the short term. Longer term, I don’t ...

Group 1: REITs Market Analysis - The recent performance of newly listed REITs has been disappointing, with significant price drops on their debut days, such as the 华夏安博仓储 REIT [2][6] - Factors contributing to this trend include a strong A-share market in the second half of 2025, leading funds to shift from debt-oriented REITs to equity assets, and a rise in interest rates diminishing the relative value of REITs [2][6][7] - The relaxation of the REITs inquiry limit to 25% in June 2025 has increased market pricing dynamics, resulting in narrower valuation spreads between primary and secondary markets, thus compressing profit margins for new REITs [7][8] - The fourth quarter of 2025 is expected to see a peak in the unlocking of strategic investment shares in REITs, which may further pressure the secondary market performance of newly issued REITs [7][9] - C-REITs may present some low-position investment value after continuous adjustments, with defensive sectors like consumption infrastructure and municipal environmental REITs showing resilience due to stable cash flows and policy support [11] Group 2: Fixed Income and Wealth Management - As of December 2025, the total wealth management scale reached 33.2 trillion yuan, reflecting a seasonal decline of 0.7 trillion yuan from the previous month, but an increase of 3.3 trillion yuan year-on-year [12][13] - The average annualized yield for newly issued fixed-income wealth management products slightly rebounded in December 2025, with the upper limit at 2.75% and the lower limit at 2.25% [13] - The bond market is expected to perform better than anticipated in 2026, with a focus on long-term bonds potentially rebounding from oversold conditions [19] Group 3: CPI and Economic Indicators - In December 2025, the Consumer Price Index (CPI) rose by 0.8% year-on-year, marking the highest increase since March 2023, driven significantly by food prices [16][17] - The Producer Price Index (PPI) saw a narrowing decline of -1.9%, with positive month-on-month growth for three consecutive months, indicating price support from upstream industries [16][17] Group 4: Company Overview - Vision Smart - Vision Smart, a leader in the building intelligence sector, has maintained a growth rate of 20% to 30% in its KNX smart control business since 2022, significantly boosting revenue [22][23] - The global market for KNX products is projected to grow at a CAGR of 10.3% from 2025 to 2031, with the Chinese smart home market expected to exceed 1 trillion yuan by 2025 [23][24] - The company has established a strong presence in over 70 countries and regions, with plans to enhance production capacity through a new industrial park project [24][25]

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices driven by geopolitical uncertainties and internal issues within the Federal Reserve, particularly related to investigations involving Chairman Jerome Powell [2] - The recent surge in gold prices saw it break the 4630 mark, with silver also reaching new highs, indicating strong market momentum [1][2] - The market is advised to watch for potential pullbacks, with key support levels identified at 4550 and 4530, and a critical resistance level at 4650-4660 [2][4] Group 2 - Upcoming economic indicators such as CPI and PPI are crucial for market participants to monitor, as they may influence future price movements [4] - The trading strategy suggests waiting for opportunities around the 4550-60 range for buying, while considering short positions near 4650 if the market shows signs of reversal [5]

Group 1 - Overall, Sichuan's CPI shows a low-level moderate recovery trend, with core CPI continuing to strengthen, having risen for 10 consecutive months [1][2] - In December 2025, pork prices in Sichuan decreased by 16.6% year-on-year and 0.8% month-on-month, primarily due to industry overcapacity and weak terminal demand [1][2] - The increase in consumer demand policies and pre-New Year consumption has led to price increases in communication tools, entertainment durable goods, and household appliances [1][2] Group 2 - In December 2025, the core CPI excluding food and energy prices rose by 0.9% year-on-year, maintaining the same growth rate as the previous month [2] - The core CPI is supported by a 0.9% year-on-year increase in service prices, indicating that positive factors in price movements are gradually accumulating [2]

Group 1 - Overall, Sichuan's CPI shows a low-level moderate recovery trend, with core CPI continuing to strengthen, having risen for 10 consecutive months [1][2] - In December 2025, pork prices in Sichuan decreased by 16.6% year-on-year and 0.8% month-on-month, attributed to industry overcapacity and weak terminal demand [1][2] - The prices of communication tools, entertainment durable goods, and household appliances have increased due to the effects of consumption-boosting policies and rising demand before the New Year [2] Group 2 - In December 2025, the core CPI, excluding food and energy prices, rose by 0.9% year-on-year, maintaining the same growth rate as the previous month [2] - The increase in core CPI is primarily driven by a 0.9% rise in service prices, indicating that positive factors in price movements are gradually accumulating [2]

Group 1 - Key Point 1: Japan's trade balance for November will be released at 07:50 [1] - Key Point 2: The NFIB Small Business Optimism Index for December will be announced at 19:00 [1] - Key Point 3: The seasonally adjusted Consumer Price Index (CPI) for December in the U.S. will be published at 21:30 [1] - Key Point 4: The annualized new home sales total for October in the U.S. will be reported at 23:00, along with a speech by Federal Reserve's Musalem [1] - Key Point 5: The EIA's monthly Short-Term Energy Outlook report will be released at 01:00 the next day [1] - Key Point 6: The API crude oil inventory for the week ending January 9 will be available at 05:30 the next day [1]