USD: Soft core CPI eases tariff fears but Fed seen on hold – OCBC
Bởi FXStreet Insights Team
Ngày xuất bản: 14 Jan 2026 | Ngày chỉnh sửa: 14 Jan 2026
BÀI VIẾT PHỔ BIẾN
December’s softer-than-expected US core CPI suggests tariff-driven inflation pressures may be fading, but shutdown-related distortions leave markets confident the Fed will hold rates steady in January, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.
December’s softer-than-expected US core CPI suggests tariff-driven inflation pressures may be fading, but shutdown-related distortions leave markets confident the Fed will hold rates steady in January, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.
USD downside eyed in 1H26 amid political uncertainty
"December’s softer-than-expected US core CPI suggests tariff pass-through may have peaked. Yet, data distortions from the government shutdown mean markets still expect the Fed to keep rates steady at its January meeting."
"Inflation remains secondary to labour data for policy decisions. We anticipate modest USD weakness in 1H26, driven by dovish risk from Fed leadership changes and heightened scrutiny over Fed independence—especially with oral arguments in the Lisa Cook case on 21 January, ahead of the FOMC meeting on 27-28 January."
"However, cyclical strength in US data continues to argue for USD upside. A USD rebound could come sooner than expected if US growth accelerates ahead of mid-term elections."
Hơn một triệu người dùng dựa vào FXStreet để có dữ liệu thị trường thời gian thực, công cụ biểu đồ, góc nhìn chuyên gia và tin tức Forex. Lịch kinh tế toàn diện và các hội thảo web giáo dục giúp nhà giao dịch luôn cập nhật và đưa ra quyết định có tính toán. FXStreet có khoảng 60 nhân sự, chia giữa trụ sở Barcelona và nhiều khu vực toàn cầu.
Đọc thêm
