The data on inflation in the United States has just recorded its most optimistic figure for 2025.

The American CPI stood at 2.7% against 3.1% expected.

The core American CPI stood at 2.6% against 3% expected.

This is the largest decrease in inflation in the United States in 9 months.

Moreover, the underlying inflation measured by the CPI in the United States is currently at its lowest level in 4.5 years.

This means that the CPI is now approaching the 2% target set by the Fed.

In contrast, the unemployment rate is at its highest level in 4 years.

The Federal Reserve now has an increased responsibility in protecting the labor market, and there is only one way to achieve that.

Further rate cuts and liquidity injections.

I think that 2026 will be a particularly unstable year.