A peak that persists: Sticky inflation

Mixed data

Sticky services inflation paired with a moderate slowdown will enable central banks to maintain higher rates for longer.

  During 2022, some of the biggest moves in global markets occurred on the days when US consumer price index data were released, so it is no wonder the 12 January numbers were so hotly anticipated. Year-on-year headline and core inflation chimed with the consensus expectations. Stock Spotlight: Inflation strikes Apple's core as market cap peels back We got another reassuring month of steady declines. The underlying mix of inflation differed somewhat from expectations, however, and was perhaps less encouraging. Benign Investors liked the November data, released a month ag...