COST - February CPI Inflation Report Predictions: More Of The Same
2024-03-09 09:00:00 ET
Summary
- The U.S. Bureau of Labor Statistics will release the Consumer Price Index data next week, on Tuesday at 8:30 a.m., with expectations of high inflation rates.
- Federal Reserve Chair Jerome Powell ruled out interest rate hikes, benefiting stock markets.
- The CPI report will be a key data point for the Fed's decision on interest rate policy and has an impact on stock markets.
- Stock picks in automotive, retail, and grocery stores.
The U.S. Bureau of Labor Statistics will release the Consumer Price Index data on Tuesday. Investors, economists and forecasters widely expect the report will show that inflation rates will remain high. In January, CPI increased by 3.1% , which is nowhere near the Federal Reserve’s 2.0% target. The expectations for interest rate cuts are one of the factors powering the stock market’s rally....
February CPI Inflation Report Predictions: More Of The Same