The U.S. Inflation Drop Will Continue to Be Traded

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The U.S. CPI for December was released at 9:30 p.m. Thursday and the data was in line with expectations. In particular, the U.S. CPI for December was 6.5% YoY, -0.1% MoM (previous: 7.1% YoY, 0.1% MoM); the core CPI was 5.7% YoY, 0.3% MoM (previous: 6% YoY, 0.2% MoM).