The latest Consumer Price Index (CPI) data for February 2024 was released, showing a year-over-year increase of 3.2%, slightly above the expected and previous 3.1%. The core CPI, which excludes volatile food and energy prices, also rose to 3.8% from the previous 3.9%, against an expectation of 3.7%. On a month-over-month basis, both the headline and core CPI increased by 0.4%, with the core rate surpassing the anticipated 0.3% and matching the previous month's 0.4%. These figures are critical as they come ahead of the Federal Reserve's meeting next week, where inflation data plays a key role in policy decisions. The data indicates a stronger economy with low inflation, a scenario often referred to as 'goldilocks'.
πΊπΈ CPI s.a (Feb) Actual: 311.054 Previous: 309.685 https://t.co/udkGR0Mp56
US CPI 3.2% YoY EXPECTED 3.1% https://t.co/FU5wN9khxj
β U.S CPI (MOM) (FEB) ACTUAL: 0.4% VS 0.3% PREVIOUS; EST 0.4% β U.S CPI (YOY) (FEB) ACTUAL: 3.2% VS 3.1% PREVIOUS; EST 3.1% β U.S CORE CPI (MOM) (FEB) ACTUAL: 0.4% VS 0.4% PREVIOUS; EST 0.3% β U.S CORE CPI (YOY) (FEB) ACTUAL: 3.8% VS 3.9% PREVIOUS; EST 3.7%
πΊπΈ CPI (Feb) Actual: 310.326 Expected: 310.3 Previous: 308.417 https://t.co/udkGR0Mp56
BREAKING: CPI COMES IN AT 0.4% CORE, 0.4% HEADLINE Economists had expected a 0.3% (MoM) in the core rate, and 0.4% for headline. https://t.co/qgWJtoj6C3
πΊπΈ United States Real Earnings (MoM) (Feb) $USD Actual: 0.0% Previous: -0.4%
πΊπΈ United States CPI Index, n.s.a. (Feb) $USD Actual: 310.33 π’ Expected: 310.30 Previous: 308.42
πΊπΈ United States Core CPI (YoY) (Feb) $USD Actual: 3.8% π’ Expected: 3.7% Previous: 3.9%
U.S. CPI: +3.2% YEAR-OVER-YEAR (EST. +3.1%) U.S. CORE CPI: +3.8% YEAR-OVER-YEAR (EST. +3.7%)
Seems less than ideal https://t.co/JSja1VjOIb
What's your guess for today's U.S. CPI release? πΊπΈ
πΊπΈ PiQ's CPI Cheat Sheet: *Today at 12:30 GMT // 08:30 ET https://t.co/5TgBF4wdQK
Predict what CPI comes in at tomorrow π
β οΈ WHAT'S YOUR PREDICTION FOR TUESDAY'S US FEBRUARY CPI INFLATION REPORT? *ESTIMATE: 3.1% Y/Y *PREVIOUS: 3.1% Y/Y πΊπΈπΊπΈ https://t.co/m2CHQ1mt1K
Here's what Wall ST is expecting CPI to come in at tomorrow according to @NickTimiraos https://t.co/HQELaRlpYR
We're now less than 24 hours away from the February CPI inflation number. It's by far the most important data point as the Fed prepares for their meeting next week. According to @Kalshi, prediction markets see year-over-year CPI inflation at 3.2% tomorrow. In fact, markets see⦠https://t.co/tIxNCwqLS5
A key inflation reading is due out Tuesday morning. Here's what to expect https://t.co/lgnF6uipQa
#CPI tomorrow. What's your prediction on Headline, Core, and the market's reaction? I'm going +0.4% Core, +0.4% headline MoM. Market reaction, although I'm not playing it, will depend on Supercore. If it's high again, we drop. If inline, we pop.
CPI forecasts for tomorrow https://t.co/HklJE6LYTd
Big day for the markets tomorrow Inflation numbers come out at 8:30am EST Previous reading = 3.1% Predicted reading = 3.1% https://t.co/ppUYbp9G8D
All eyes are on the February CPI this week Wall Street forecasters expect the core CPI index rose 0.3%, lowering the 12-month rate to 3.7% from 3.9% in January They see the headline index up 0.4% in February due to higher energy prices, leaving the 12-month rate at 3.1% https://t.co/wA2ebosleO
#CPI tomm will see market move big depending on the data is
The consumer price index (CPI) for February 2024 is projected to rise by 3.1% year-over-year. https://t.co/DGLTMcIcOe https://t.co/4ybOQaAbfo
π΄ TRADE US CPI WITH US 8 AM ET TUESDAY LIVE! https://t.co/TO8pDjP0xK
πΊπΈ United States CB Employment Trends Index (Feb) $USD Actual: 112.29 Previous: 113.71
CPI tmrw...
Another big datapoint tomorrow - CPI. Core inflation expected to drop to 3.7% from 3.9% and headline inflation flat at 3.1%. IMO if we hit these numbers market rallies...best case scenario atm is strong economy + low inflation...study goldilocks. https://t.co/N67tuX4aJ5
π΄ US CPI PREP (TUESDAY 12TH 08:30 ET) https://t.co/nPAgaVFR1k
CPI Tuesday, will determine direction.
Traders are on alert for a hotter-than-expected CPI print when the latest data arrives on Tuesday https://t.co/W9zCZV8L3a