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Get ready for the next big market catalyst as Fundstrat points to the February CPI inflation report as the key event to watch.
Set to be released on March 12, this report will provide crucial insights into whether the Fed might consider cutting interest rates soon.
Fundstrat expressed concern, stating, “We wonder if this is potentially the fundamental catalyst for a sell-off.”
According to a recent note from Fundstrat, the upcoming February CPI report is the next major event that could significantly impact the stock market.
This inflation data, scheduled for release on March 12, will serve as a signal to investors regarding the potential for the Federal Reserve to cut interest rates in the near future.
“To us, this is also the decision point for markets in 2024. If the Feb CPI is ‘hot,’ even if for statistically wrong reasons, we think markets could become anxious,” said Tom Lee of Fundstrat.
Following a hotter-than-expected January CPI report, the February inflation report is anticipated to continue the trend, with Tom Lee highlighting the potential spillover of seasonality that drives higher prices in January.
2024-03-04 20:31:22
Source from finance.yahoo.com