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The Numbers

US Inflation Remains Past Peak Tariff Impact

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Maintain above-benchmark duration and 2-year/5-year Treasury steepeners as disinflation continues to support Fed cuts. US December CPI came in slightly cooler than expected, with headline inflation rising 0.3% m/m (2.7% y/y) and core inflation rising 0.2% m/m…

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