The markets infatuation with inflation continues and today’s much anticipated CPI print left investors questioning once again their outlook on the Fed rate path. Just a couple months ago, the Street had priced in multiple cuts in 2024 even as Powell and company held their higher for longer stance. The Fed kept that theme at their January 31st meeting, and today’s CPI print played into the patience. While the y/y dropped to 3.1% in January from 3.9%, it was higher than estimates of 2.9% as shelt…
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