Posted 3/11/2024, 4:34:31 PM
CPI Data Awaited as Markets Hope for Moderating Inflation
- CPI data on Tuesday expected to show 3.1% inflation; recent wage growth data suggests it could align with expectations
- Last 2 CPI prints came in higher than expected, so meeting expectations would be positive
- Always risk that unknown factors could impact economy and markets
- S&P 500 trading at fair valuation currently based on forward P/E; risks seem priced in
- Forward earnings estimates for S&P 500 in low double digits for 2024-2025 backs solid returns