Soft CPI Data and Iran Talks Provide Market Calm
TL;DR Summary
U.S. January CPI cooled to 2.4% YoY (core 2.5%), fueling hopes for slower rate hikes, while markets were mixed as AI-related fears linger. Investors also saw easing signals in U.S.–Iran tensions with resumed talks, alongside Japan’s modest Q4 growth miss. Other highlights include potential data-center cost internalization, Epstein fallout driving resignations, and Warner Bros. weighing renewed sale talks with Paramount; consumer-staples rally as investors rotate away from tech.
- CNBC Daily Open: Muted U.S. CPI and cooling tensions with Iran give investors some comfort CNBC
- Inflation Slowed to 2.4% in January, Helped by Lower Gasoline Prices The Wall Street Journal
- January inflation eased more than expected in promising sign for economy The Washington Post
- US consumer prices increase marginally, but inflation pressures persist Reuters
- Inflation slowed in January, but some prices are still biting CNN
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