Ian Lyngen, interest rate strategist at BMO: With inflation data taking a backseat to employment data, today's CPI report is unlikely to change market expectations that the Fed will hold rates steady in January. And that seems to be exactly what the

2026-01-13

Ian Lyngen, interest rate strategist at BMO: With inflation data taking a backseat to employment data, today's CPI report is unlikely to change market expectations that the Fed will hold rates steady in January. And that seems to be exactly what the market is reacting to.