ChainCatcher reports that, according to Jintiao, as December’s core inflation unexpectedly slightly declined, investors rushed to buy US government bonds, leading to a significant drop in US Treasury yields, while the US dollar was also sold off. The December core inflation rate in the US was 2.6%, not accelerating to the predicted 2.7%. Although these inflation indicators are unlikely to change expectations that the Federal Reserve will keep interest rates unchanged later this month, they may ease concerns that accelerating inflation will delay a new round of rate cuts.
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