Today's inflation data in the USA turned out to be terrible, but what is even more worrying is that the last 12 months show an upward trend again:
• January 2024 +3.1%
• February +3.2%
• March +3.5%
• April +3.4%
• May +3.3%
• June +3.0%
• July +2.9%
• August +2.5%
• September +2.4%
• October +2.6%
• November +2.7%
• December +2.9%
• January 2025 +3.0%
Traders pushed the Fed's next expected rate cut from September to December. In addition, if the FED seriously wants to reach the 2% goal that they have been talking about so much, then the next step could even be an interest rate hike!