Annual inflation cooled for the seventh straight month to 6.4% in January, however the pace of easing is starting to level off. The prelude to the January CPI report was one of high expectations for the next direction of interest rates and market direction. Fed Swaps showed little change to the expected funds rate in 2023. After the dust settled prices were much the same prior release, the market has a plethora of Fed speakers today which may instigate the … Continue reading US Consumer Inflation Moderating in January but Services Prices Still Accelerating