"Market Anticipation: Preparing for US CPI Revisions and Their Impact"

Federal Reserve Chairman Jerome Powell is closely watching the scheduled revisions to the US Consumer Price Index (CPI) due next month, hoping they confirm the progress seen in inflation. The revisions, potentially changing the inflation picture for 2023, will be crucial for policy decisions. The upcoming January CPI report and revisions for 2023 are expected to impact interest rates, with a higher CPI potentially leading to higher rates for longer. Powell is particularly concerned about core services inflation and hopes for a downward revision, which would alleviate the Fed's worries.