"Market Braces for Accelerating Inflation Amid Gas Price Surge and Fed's Patient Approach"
TL;DR Summary
The February Consumer Price Index (CPI) report is expected to show a 0.4% monthly growth, driven by a spike in gas prices, with an annual growth rate of 3.1%. Despite the persistent inflation, economists and Fed officials still anticipate progress and potential rate cuts in 2024. Bond traders are predicting between three and four rate cuts this year, with a 60% chance of a quarter-point cut in June. The Fed is closely monitoring the inflation rate and may consider easing policy if disinflation continues.
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- Coming Jobs, Inflation Data Will Challenge This Market Rally - WSJ The Wall Street Journal
- What To Expect From February's CPI Inflation Report Forbes
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