On January 11, the release of the U.S CPI (Consumer Price Index) data for December has induced the market to expect less easing in the Federal Reserve's monetary policy in 2024, as reported by Golden Ten.
A noticeable reduction in the likelihood of the Federal Reserve cutting interest rates in March and May was observed following the CPI data disclosure. The U.S. CPI (without seasonal adjustment) for December rose to a 3.4% annual rate, which is the highest level seen since September 2023.