Strategist: If inflation persists in December, the Federal Reserve has room to cut rates in Q1

According to Jinshi News, B. Riley Wealth Chief Market Strategist Art Hogan commented on the U.S. CPI report, stating that the CPI report released today shows that the overall CPI for December is 2.7% year-on-year, in line with expectations; core inflation is 2.6%, slightly lower than the market's original expectation of 2.7%. If this trend continues, it will provide some policy leeway for the Federal Reserve to cut interest rates in the first quarter.