No Data
No Data
U.S. CPI Data Reduces Chances of Further Fed Rate Cut -- Market Talk
It has been proven that inflation in the USA skyrocketed even before Trump's tariff increases.
① The latest CPI data released on Wednesday proves that the "trigger" for re-inflation in the USA had already been ignited before the Trump administration announced tariffs on China and Aluminum and Steel in February; ② An interesting observation is emerging again: will the Federal Reserve still stubbornly believe that the continuous rise in inflation is only temporary?
The U.S. government deficit is flashing red again! The deficit for the first four months of the fiscal year reached 84 billion dollars, setting a record and exceeding the peak period of the pandemic.
As of January this year, in the first four months of the 2025 fiscal year, the USA federal government's budget deficit expanded by 58% year-on-year, with government revenue and expenditure both reaching record highs for the period, increasing by 1% and 15% year-on-year, respectively. In the first four months, government interest costs amounted to 392 billion dollars, accounting for 16% of total expenditure; the budget deficit for January reached 129 billion dollars, the second highest level after January during the COVID-19 pandemic. In January, government expenditure increased by 29% year-on-year, while revenue grew by 7.5%.
Consumer Cos Flat After Earnings, Inflation Data -- Consumer Roundup
Federal Reserve Watch for Feb. 12: Powell Reiterated Independence of FOMC, Says Rates Will Need to Remain Restrictive
Daily Roundup of Key US Economic Data for Feb. 12