Post #64517

🚀 U.S. CPI Data to Reflect Impact of Iranian Energy Shock, Analysts Say U.S. CPI data released on Friday is expected to show the first significant impact of the Iranian energy shock, according to analysts at First Citizens Bank. The surge in energy costs is anticipated to accelerate overall inflation. According to Jin10, the bank's head of market and economic research noted that while core inflation remains significantly above target, the Federal Reserve is likely to 'ignore' the energy-driven inflation spike for now. He suggested that this stance reinforces the Fed's long-term position of maintaining current rates, linking potential rate cuts to the normalization of energy prices. #USCPI#IranianEnergyShock#inflation#FederalReserve#energycosts#ratecuts#FirstCitizensBank#economicresearch