CPI Report for December 2024
2025 Fed Rate Cut Expectations
The Consumer Price Index (CPI) report for December 2024 is scheduled to be released on Wednesday, January 15, 2025, at 8:30 a.m. (ET).
According to economists' forecasts, the year-over-year CPI is expected to rise to 2.9% in December 2024, up from the previous 2.7%. The Core CPI, which excludes volatile food and energy prices, is anticipated to remain stable at 3.3% year-over-year.
This upcoming CPI report is particularly significant as it may indicate a potential resurgence of inflation. The data will likely play a crucial role in shaping the Federal Reserve's monetary policy decisions and could impact financial markets, including cryptocurrencies. Next CPI report could reduce 2025 Fed rate cut expectations.
The Federal Reserve's rate cut expectations for 2025 have been significantly reduced:
Fewer cuts projected: Fed officials now expect only two quarter-point rate cuts in 2025, down from the four cuts previously anticipated.
Current rate: The federal funds rate is currently in the ran…