According to Odaily, Pepperstone analyst Michael Brown has indicated that the likelihood of interest rate cuts in the first half of 2025 appears minimal. Brown stated that the U.S. Consumer Price Index (CPI) data for January will present a significant challenge for the Federal Open Market Committee. He noted that this data might be influenced by one-time factors, such as the typical sharp price increases seen at the beginning of the year. Given that these figures suggest a halt in progress towards curbing inflation, the possibility of a prolonged pause in the easing cycle has now increased.