We're now less than 24 hours away from the February CPI inflation number.
It's by far the most important data point as the Fed prepares for their meeting next week.
Prediction markets see year-over-year CPI inflation at 3.2% tomorrow.
In fact, markets see a 98% chance that headline inflation is still above 3.0%.
Meanwhile, Core CPI inflation is expected to be 3.7% with a 95% chance that it is above 3.6%.
That's almost DOUBLE the Fed's long-term inflation target.
Is higher for longer back?
Inflation has been stuck at 3% for months, yet the Fed is adamant on their 2% target.
Could the Fed lift their target to 2.5% or 3.0%?
It seems highly unlikely, especially as economic data remains strong.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
