, Columnist
Inflation Is Catching Its Breath. Should We Worry?
The answer comes down to momentum, but for now, stocks are up and markets are positioning to expect higher-for-longer rates from the Fed.
Higher gas prices gave inflation a boost in January.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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The moment is almost here. US Consumer Price Index data will be available within a few hours of your receiving this. And after three consecutive downside surprises to end last year, traders will certainly be extracting every piece of data they can for clues on how the Federal Reserve may proceed with its rate-hiking campaign.