U.S. January CPI year-on-year 2.4% lower than expected, core CPI year-on-year 2.5%

U.S. January CPI year-on-year 2.4%, expected 2.5%, previous value 2.7%; January CPI month-on-month 0.2%, expected 0.3%, previous value 0.3%. U.S. January core CPI year-on-year 2.5%, expected 2.5%, previous value 2.6%. U.S. January core CPI month-on-month 0.3%, expected 0.3%, previous value 0.2%.

After the data release, U.S. stock index futures rose in the short term: Nasdaq futures up 0.13% intraday, S&P 500 index futures up 0.12%, Dow futures up 0.06%; the U.S. dollar index fell in the short term, down 0.03% intraday.

Traders estimate the probability of the third Fed rate cut this year at 50%.

Updating.......

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