Institution: The December CPI report may not change the cautious outlook of the Federal Reserve

Peter Cardillo, Chief Market Economist at Spartan Capital Securities, said that the overall CPI in the United States is rising, which is disappointing. However, this may be due to food prices. The annual rate of core CPI has cooled down, which is good news. Regarding the CPI report for December, I don't think it will change the inflation outlook or alter the Federal Reserve's cautious stance. From what we can see now, the dollar is weakening and yields are falling slightly; markets might be focusing on core inflation. However, there hasn't been much change in this report. Most importantly though, inflation remains sticky.