Ed Moya – CPI Data Recap, Updated Rate hike Expectations and Corresponding Market Moves
Ed Moya, Senior Market Analyst to OANDA joins us to recap the January CPI data, that came in at as expected at a gain of 0.5% m/o/m headline and 0.4% m/o/m core. This corresponds to year over year increases of 6.4% headline and 5.6% core.
After recapping the data we take a step back to discuss how this impacts Fed policy and market expectations. Markets have been volatile today with not much change overall. This could be a sign that we are in for range-bound trading. We also look at the crypto markets and Bitcoin which is up today even with all the regulation talk in the news.