Inflation came in at 6.4% in January, down from December’s 6.5%. January’s reading marked the weakest rate since October 2021, but was above market expectations of 6.2%. Inflation should continue to decline going forward on further interest rate hikes, a tough base effect and the gradual easing of external price pressures, but will be above the Fed’s 2.0% target this year.
United States Secured Overnight Financing Rate (%, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Secured Overnight Financing Rate (%, eop) | 1.47 | 3.00 | 1.55 | 0.07 | 0.05 |