"Revised US CPI Shows Lower Inflation, Futures Edge Higher"
TL;DR
The US benchmark CPI for December has been revised to +0.2% from +0.3%, with the core six-month annualized CPI down to 3.0% from 3.3%, a key metric for the Federal Reserve. The US dollar initially decreased on the CPI revisions, reflecting relief that the revisions weren't higher. Federal Reserve Chair Powell emphasized the importance of these changes and highlighted the upcoming January CPI report and revisions for 2023, which are expected to show a drop in the year-on-year reading to 2.9% from 3.4%.
- US benchmark CPI revisions: December CPI revised to +0.2% from +0.3% ForexLive
- Inflation in December was even lower than first reported, the government says CNBC
- Stock market today: US futures edge higher with CPI revision in focus Yahoo Finance
- Here are the new adjustments MarketWatch
- Stock Market Today: Dow, S&P Live Updates for February 9 Bloomberg
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