Investors wait for CPI
With less than 24 hours before the next inflation report is released market participants are waiting for the release of the CPI inflation report for January. On February 14 at 8:30 EST the BLS will release the US CPI data for last month.
On Thursday the government will release its PPI . The combination of both reports will certainly be used by the Federal Reserve as it weighs its next steps at the next federal open market committee meeting on March 15 – 16. Last week Chairman Powell expressed concern about the possibility of inflation based on the extremely robust January jobs report. Higher employment can easily lead to paying employees more and adding to the level of inflation.
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