The January CPI in the United States has been higher than expected for four consecutive years, and it is difficult to achieve the 2% target this year

According to BlockBeats, on February 12th, analysts from the financial website Forexlive stated that the January CPI in the United States has been higher than expected for four consecutive years. The expectation for the Federal Reserve to cut interest rates this year has dropped from 40 basis points before the report was released to 31 basis points. The core inflation rate increased by 0.4% month on month, and the overall inflation rate increased by 0.5% month on month, making it difficult to achieve the 2% inflation target this year. Some people are discussing how California's fires have increased housing and used car inflation (up 2.2% month on month), or how businesses are scrambling to raise potential tariffs. These may all be facts, but unless the situation quickly reverses, the Federal Reserve will wait and see until the inflation rate is very close to 2%. (Golden Ten)