UST - U.S. Inflation Trend Expected To Remain Subdued
"A US inflation breakout looks unlikely," advises Oxford Economics' chief US economist, Gregory Daco. As forecasts go for the projections of pricing pressure, that ranks as one of the safer bets these days, or so it appears based on recent data and the outlook for today's January report on consumer prices (due at 8:30 Eastern).
Econoday.com's consensus forecast sees last month's core rate of the Consumer Price Index ((CPI)) slipping to a 2.1% year-over-year increase, down slightly from 2.2% in December. If confirmed, the news will give the Federal Reserve a new round of data