The US December Unadjusted Core Consumer Price Index (CPI) rose 2.6% year-over-year, slightly below the expected 2.7% and matching the previous month's figure. This unexpected result has led to a significant rally in US short-term interest rate futures, as traders anticipate potential rate cuts by the Federal Reserve. Meanwhile, the overall CPI remained steady at 2.7%, aligning with market expectations and the previous month's data.
US Core CPI Below Expectations Fuels Rate Cut Bets
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