PPI in the United States increased by 9.7% year-on-year in December, continuing to brush the record.
St. Louis Fed chairman Brad: the Fed may raise interest rates four times in 2022. With US inflation still high, FOMC is likely to start raising interest rates in March.
Powell said at the re-election nomination hearing: the Fed will normalize monetary policy by 2022.
The market expects that the probability of the Fed raising interest rates in March is nearly 90%, and the trading of federal fund interest rate futures contracts in February is hot.