Inflation Data: CPI and PPI

This is the most important event of the week. Although non-farm payrolls are weak, if inflation rebounds, the Federal Reserve still won't dare to cut interest rates.
US December CPI (Consumer Price Index)
Release Time: January 13 (Tuesday) at 21:30
Focus: This is the most important inflation reference before the Fed's January end meeting. The market generally expects core CPI to rebound month-on-month (about 0.3%).
Key Logic: If CPI rises too high, it will offset the rate cut expectations caused by weak non-farm payrolls, leading to a rebound in the dollar; if CPI meets expectations or even declines, it will reinforce the narrative of "recession + low inflation," which is favorable for rate cut expectations.
US November PPI (Producer Price Index)
Release Time: January 14 (Wednesday) at 21:30
Focus: Reflects upstream inflation pressures in the supply chain. Combined with retail data, it can determine whether corporate costs are turning #我的2026第一条帖