Posted 3/10/2024, 10:15:00 AM
February Inflation Data Poised to Exceed Forecasts, Keeping Fed Rate-Cut Hopes in Check
- February CPI report expected to show hotter inflation than January, posing upside risk
- Inflation swaps predicting even higher inflation than economist forecasts for February
- Gasoline prices contributed to expected rise in inflation
- Hotter inflation could delay Fed rate cuts, reduce number of 2024 cuts
- Continued high inflation puts Fed's comfortable level for rate cuts into question