Ed Moya, Senior Market Analyst to OANDA joins us to recap the January CPI data, that came in at as expected at a gain of 0.5% m/o/m headline and 0.4% m/o/m core. This corresponds to year over year increases of 6.4% headline and 5.6% core.
After recapping the data we take a step back to discuss how this impacts Fed policy and market expectations. Markets have been volatile today with not much change overall. This could be a sign that we are in for range-bound trading. We also look at the crypto markets and Bitcoin which is up today even with all the regulation talk in the news.
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