US December CPI preview – forecasts from 17 investment bank economists

A slip for the US dollar in thin pre-Tokyo trade this morning, this the catalyst:

• Trump’s tariff team studying gradual hikes of 2 to 5% per month
• USD losing ground on the ‘gradual’ tariff story

Meanwhile from the Wall Street Journal, what’s expected for the US inflation data due on Wednesday, January 15, 2025 at 8.30 am US Eastern time:

Headline back up to 2.9% … that would be well above the Fed’s 2% target. How much can a koala bear?

This article was written by Eamonn Sheridan at www.forexlive.com.