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== Summary == | == Summary == | ||
CPI numbers came in line with expectations, markets remained mostly flat after the release. The market is now pricing a 93% of 25bps in the next FED meeting. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | December 2022 CPI numbers came in line with expectations, markets remained mostly flat after the release. The market is now pricing a 93% of 25bps in the next FED meeting. <ref>https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html</ref> | ||
CPI declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, over the last 12 months, the all items index increased 6.5 percent.<ref>https://www.bls.gov/news.release/pdf/cpi.pdf</ref> | CPI declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, over the last 12 months, the all items index increased 6.5 percent.<ref>https://www.bls.gov/news.release/pdf/cpi.pdf</ref> |