Anticipation is building in financial markets ahead of the Consumer Price Index (CPI) report due on Wednesday, with expectations that inflation will increase to 3.4% from 3.2% the previous month. Various financial institutions, including Bank of America at 3.3%, Barclays, Citi, Goldman Sachs, JP Morgan, Morgan Stanley, HSBC, UBS, BMO, TD, Citadel at 3.4%, and Wells Fargo and Scotiabank at 3.5%, have projected inflation estimates, with a median expectation of 3.4%. Wall Street shows signs of concern as the upcoming CPI data could challenge the Federal Reserve's inflation outlook for 2024. In response to the uncertainty, implied volatility on the S&P 500 has surged to a +58% premium, indicating expectations of larger market swings. The CPI report is scheduled for release at 8:30 am.
Predict what CPI comes in at tomorrow ๐ https://t.co/pEfvt1wmtv
Markets Suffer Conniptions Ahead Of Crucial Consumer Price Print https://t.co/U3qrhnvUu6
CPI is tomorrow. How high do you think it'll be?
WHAT DO YOU THINK THE YoY CPI NUMBER WILL BE TOMORROW ? EXPECTED NUMBER IS 3.4% YoY https://t.co/DTSazuZEjh
CPI RELEASE, TOMORROW, 8:30AM. CPI ESTIMATES: BANK OF AMERICA 3.3% BARCLAYS 3.4% CITI 3.4% GOLDMAN SACHS 3.4% JP MORGAN 3.4% MORGAN STANLEY 3.4% HSBC 3.4% UBS 3.4% BMO 3.4% TD 3.4% CITADEL 3.4% WELLS FARGO 3.5% SCOTIABANK 3.5% MEDIAN 3.4%
The median CPI estimate is 3.4% what are your predictions?
๐บ๐ธ CPI ESTIMATES FOR TOMORROW BANK OF AMERICA 3.3% BARCLAYS 3.4% CITI 3.4% GOLDMAN SACHS 3.4% JP MORGAN 3.4% MORGAN STANLEY 3.4% HSBC 3.4% UBS 3.4% BMO 3.4% TD 3.4% CITADEL 3.4% WELLS FARGO 3.5% SCOTIABANK 3.5% MEDIAN 3.4%
Trading CPI: How the stock market could react to Wednesday's inflation report https://t.co/qQvwrJQFBw
Hereโs what Wall Street is expecting for CPI tomorrow - WSJ https://t.co/OVuDhYJAvH
MarketWatch Live: U.S. stocks edge lower as CPI and PPI inflation data loom https://t.co/Bbcj40F7Ru
CPI tmrw at 8:30am
Wall Street becomes noticeably concerned every time empirical data comes along that could reveal the Fed's expectation for 2024 inflation is dead wrong. Ahead of tomorrow's CPI, implied volatility on the S&P 500 has surged to a +58% premium, implying bigger price swings thanโฆ https://t.co/ISyekr15uk
๐ด TRADERS ANTICIPATE THE CONSUMER PRICE INDEX ON WEDNESDAY - US MARKET WRAP https://t.co/PHExFmaZAY
Don't forget we have CPI on Weds...looks like inflation is expected to increase to 3.4% from 3.2% the month prior.