HERE COMES INFLATION DATA...
Reuters/Cheryl Ravelo
Heads up! Monthly consumer prices data are released by the U.S. Bureau of Labor Statistics at 8:30 AM ET.Market economists predict the consumer price index rose 0.1% in February, matching January's pace, but was up only 1.2% from a year earlier, down from 1.6% in January.
Prices excluding food and energy are also expected to have risen 0.1% in February, matching January's pace, and the year-over-year core inflation rate is expected to remain unchanged at 1.6%.
Many trades are benefiting from continued low inflation and status quo monetary policy, so any surprise in these data points in the next few months has the potential to alter the market landscape.
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