ING Groep: If U.S. core inflation remains high, the U.S. dollar may appreciate

On January 15th, Jin10 Data reported that Francesco Pesole, an analyst at ING Groep, stated in a report that if the data released later shows that the core inflation in the U.S. remained high in December, the U.S. dollar could appreciate. He mentioned that the market generally expects the month-on-month core inflation rate to be between 0.2% and 0.3%, with an average expectation of 0.25%. ING Groep anticipates that the data will record a growth of 0.3%, which could intensify expectations for the Federal Reserve to take cautious measures in lowering interest rates, thereby benefiting the appreciation of the U.S. dollar. He noted that high inflation would make investors uneasy about price pressures before considering the prospect of trade tariffs imposed by President Trump