2 月 12 日，有「美联储传声筒」之称的华尔街日报记者 Nick Timiraos 在社交媒体上表示，毫无疑问的是，1 月份的通胀率很坚挺，这破坏了美联储在年中之前进一步「重新校准」降息的理由。

<div><p>2 月 12 日，有「美联储传声筒」之称的华尔街日报记者 Nick Timiraos 在社交媒体上表示，毫无疑问的是，1 月份的通胀率很坚挺，这破坏了美联储在年中之前进一步「重新校准」降息的理由。</p></div>

「美联储传声筒」：1月CPI数据破坏了美联储重启降息的理由

There is no doubt that the inflation rate in January was very robust, which undermines the Federal Reserve's rationale for further "recalibrating" rate cuts before the middle of the year.

There is no doubt that the inflation rate in January was very strong, which undermines the Federal Reserve's rationale for further "recalibrating" rate cuts before the middle of the year.

"Fed Mouthpiece": January CPI data undermines the Fed's reason for restarting rate cuts

PANews, February 12 news, according to Golden Ten analysis, after the US inflation data exceeded expectations, the US dollar and US Treasury yields rose, and Bitcoin fell to a one-week low. The year-on-year inflation rate in January rose 3.0%, and the month-on-month increase was 0.5%. According to LSEG data, Bitcoin fell 2.3% to a low of $94,121, compared to $96,517 before the data release. Higher inflation reduces the likelihood of the Fed cutting interest rates, putting pressure on risk assets, including cryptocurrencies.

Analysis: Higher inflation reduces the likelihood of a Fed rate cut, weighing on risk assets like cryptocurrencies

Odaily reports that analyst Theodore Littleton stated that the US January CPI was higher than expected, with the overall CPI rising 0.5% month-on-month and the core CPI excluding food/energy rising 0.4% month-on-month, while the market generally expected both indicators to rise 0.3%. Although the Fed may ignore a single poor data point, we will receive another CPI report before the March FOMC meeting, and if the performance is similar, it may significantly change the outlook for the upcoming economic forecast summary. (Jinshi)

Analysts: US CPI data for January is higher than expected, beware that economic forecasts for the March meeting may be affected

Odaily reports that Bank of America analysts wrote that Trump's trade, fiscal and immigration policy agenda is expected to generate moderate inflation, and they predict that these changes will be reflected in inflation in the second half of 2025. They pointed out that any additional tariffs in the coming weeks could accelerate the timeline: "A key question is whether policy changes will affect long-term inflation expectations." They added that market-based inflation indicators remain within historical ranges. Bank of America reiterated its position that the Fed's rate cut cycle has ended, and inflation is "above target," and they expect both headline and core CPI to rise 0.3% month-over-month in January. They wrote: "If our forecast for January CPI is correct, the Fed's rationale for standing pat will be further strengthened." (Jinshi)

Bank of America: The impact of tariffs on inflation is expected to become apparent in the second half of the year, and the Federal Reserve has ended its interest rate cut cycle