December's Consumer Price Index (CPI) report came in hotter than expected, rising 0.3% month-over-month and 3.4% annually and heightening concerns over whether the inflation print could delay interest rate cuts by the Federal Reserve.
Bank of America Global Research US Economist Stephen Juneau joins Yahoo Finance Live to weigh in on how the Fed could react to this report.
Juneau was not surprised at the report and states that rising inflation “kind of keeps the door open” for a rate cut as soon as March, which other economists believe is still too early a forecast.
Juneau acknowledges a “dichotomy in the data” between core services and shelter costs, but does not see it as enough of a deterrent for the Fed to ease off of its stance.
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