What did US CPI January 2026 show?

Headline inflation rose 2.4% year-on-year, while core increased 2.5%. Both were slightly below forecasts, signaling continued disinflation. The data eased worries about sticky prices and improved risk appetite. Markets took it as a sign the Fed may have scope to start easing later this year if the trend holds.

How did Treasury yields today react to the CPI print?

Yields fell across the curve as traders marked down the future policy rate path. The 2-year led the move, reflecting expectations for earlier Fed cuts. Lower yields support equity valuations and credit. If inflation keeps cooling, yields may stabilize in a lower range, which is constructive for diversified portfolios.

What are the Fed rate cut odds after the report?

Futures shifted toward strong odds of a June rate cut, though the exact probability will move with each data release. The Fed still needs confirmation from inflation and jobs. Markets now expect a gradual easing cycle, provided inflation trends continue and growth stays resilient without re-accelerating price pressures.

What does this mean for Singapore investors?

A softer US inflation backdrop can support SGD and reduce imported price pressures. Consider modestly longer bond duration, keep quality equity exposure, and review USD hedges. Use pullbacks to add to broad US equities, but avoid chasing highs. Keep allocations flexible as new inflation and Fed updates arrive.

Global Market Insights

^GSPC Today, February 14: Yields Fall as CPI Cools; Cut Bets Rise

ByDanny Kontos February 14, 2026February 14, 2026

US CPI January 2026 came in cooler at 2.4% year-on-year, with core at 2.5%. That eased inflation worries, pulled Treasury yields down, and nudged the S&P 500 higher. Markets now lean toward a June rate cut. For Singapore investors, a softer US inflation print can support SGD assets and reduce imported price pressures. We break down what moved, how “Treasury yields today” shape equity risk, the latest “Fed rate cut odds,” and what this means for portfolios in SGD terms.