CPI carries extra weight after the comments from Jefferson

<p>There has been a drought of US economic data for the past week but it will finally be lifted with CPI today and retail sales tomorrow.</p><p>Earlier today, the Fed's Jefferson was out with some <a href="https://www.forexlive.com/centralbank/feds-jefferson-uncertainty-on-inflation-persistence-may-warrant-stronger-policy-response-20231114/" target="_blank" rel="follow">interesting comments today </a>and they suggest the odds of a rate hike in January might be more than the 33% priced by the market. </p><p>As a reminder, the Fed is closely watching core services inflation ex-housing and any signs of a hot reading there will be a problem.</p>

This article was written by Adam Button at www.forexlive.com.