![]() ![]() Still, the possibility of an upside surprise in consumer prices gains has left investors jittery, with many market participants bracing for inflationary pressures to pick up rapidly later this year as more businesses reopen and many consumers start to release their pent-up savings during the pandemic. But excluding more volatile food and energy prices, the CPI is expected to have risen 1.4% year-over-year to match its January increase, since a jump in energy prices during the harsh winter weather last month likely contributed much of the gain. Over last year, the CPI likely rose by 1.7%, picking up from the 1.4% rise in January. Consensus economists anticipate that the CPI accelerated to see a 0.4% month-over-month increase in February, up from the 0.3% monthly rise in January, according to Bloomberg-compiled data. On Wednesday, the Labor Department will release its monthly Consumer Price Index (CPI), which tracks changes in prices for consumers across a broad basket of goods and services. A highly anticipated direct listing for the video game company Roblox is also on deck. ![]() This week, investors will be eyeing new inflation data, which will offer a look at whether prices have already begun to creep up as some have feared ahead of a major economic reopening. ![]()
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