Inflation Forecasted to Stay High in February While Used Car Prices Plunge

• Inflation expected to remain high in February at 3.12% according to Cleveland Fed forecast, up from 3.1% in January

• Energy and food prices increased in February, benefiting energy stocks and grocery retailers

• Used vehicle prices plummeted 13.8% in first half of February, bad for car dealers like CarMax

• Apparel prices likely fell again in February as in January

• Stock markets pricing in potential future interest rate cuts by Fed, taking on more risk