Markets Gear Up for CPI Data

<div><img width="750" height="430" src="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/11103636/Markets-Gear-Up-for-CPI-Data.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Markets-Gear-Up-for-CPI-Data" decoding="async" loading="lazy" srcset="https://assets.iorbex.com/blog/wp-content/uploads/2024/01/11103636/Markets-Gear-Up-for-CPI-Data.png 750w, https://assets.iorbex.com/blog/wp-content/uploads/2024/01/11103636/Markets-Gear-Up-for-CPI-Data-300×172.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></div><p>CPI YoY is projected to have risen in the final month of 2023, which is not a positive reading for the Fed.</p>
<p>With the urgency to get back down to 2%, the Fed could leave rates higher for longer.</p>
<p>Let’s see if this will shake up the market even more when the data is released.</p>
<p><strong>Timestamps</strong><br />
EURUSD 01:20<br />
GBPUSD 02:45</p>
<p>The post <a href="https://www.orbex.com/blog/en/2024/01/markets-gear-up-for-cpi-data">Markets Gear Up for CPI Data</a> appeared first on <a href="https://www.orbex.com/blog/en">Orbex Forex Trading Blog</a>.</p>