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What now after the US CPI and Fed showdown yesterday?

2024-12-30FOREXLIVEFOREXLIVE
It was the first time since June 2020 that the inflation report and FOMC meeting fell on the same day
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Kapowell

And it sure did not disappoint. It was very much like a poker game, with the flop (CPI report) being presented first. Then, we moved on to the turn (dot plots) and finally the river (Powell's presser). Overall, it ended with a push and pull by the time we wrapped things up yesterday. It was a case of CPI giveth, and Powell taketh away.

Looking at the US CPI report first, there were slight misses on estimates across the board. But what did the details say?

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