US Inflation Slowdown Signals Potential Fed Rate Cuts; Global Economies Brace for Key Data Releases

February 11, 2024
US Inflation Slowdown Signals Potential Fed Rate Cuts; Global Economies Brace for Key Data Releases
  • US inflation rate forecasted to decelerate, prompting potential Federal Reserve interest rate cuts.

  • Core CPI in the US likely to see a 3.7% rise in January, marking the smallest year-over-year increase since April 2021.

  • Federal Reserve officials remain cautious about rate cuts due to a robust economy and strong labor market.

  • Improved consumer confidence attributed to easing inflation and the prospect of lower borrowing costs.

  • Japan's economy set for a recovery; the UK to disclose key economic indicators including wage growth, inflation, and GDP.

  • Upcoming economic data releases across Eastern Europe, Africa, and Latin America, focusing on inflation and GDP.

  • European Central Bank President scheduled for a testimony; multiple interest rate decisions expected in the European region.

  • Argentina, Colombia, Brazil, Peru, and Chile to report on inflation, industrial production, GDP, and unemployment rates.

Summary based on 1 source


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