The US December CPI data has been released, with the year-over-year growth rate holding steady at 2.7%. As soon as this number was announced, the market immediately cheered — Nasdaq futures rose in response.

The interesting part is: this is the second consecutive month with the same inflation level. This sustained performance reassures investors and further reinforces the market’s expectation that the Federal Reserve will continue to cut interest rates. Earlier market consensus suggested that the next rate cut might not happen until June. However, as subsequent data is released, this timeline could be moved forward. Some voices believe that rate cuts could be seen as early as April.

Of course, this data was previously questioned due to issues with the statistical methodology, but the repeated appearance of the same figures has actually increased the credibility of the data. From the market reaction, the attitude remains relatively cautious — after all, discussions about rate cuts are still based on the data. If there are new developments in the economic situation, these expectations could be adjusted at any time.