Summary of key points on the U.S. December CPI inflation data: Trump says Powell has the opportunity to cut interest rates

Data shows that the U.S. December core CPI rose 0.3% month-on-month, in line with economists' expectations. The core CPI increased by 0.2% month-on-month, lower than the majority of analysts' forecasts (only 11 forecasts were at or below this level). Year-on-year, the CPI rose by 2.7%, and the core CPI rose by 2.6%, both unchanged from the previous month.

Factors dragging down core inflation: Car prices helped to suppress core inflation, with used car prices falling 1.1% month-on-month, while new car prices remained flat. Although housing costs have rebounded, the 0.4% increase is still lower than the typical increases seen in recent years. Additionally, prices for household goods have also declined