Veronica Clark from Citi on What to Expect from the February CPI Report
Monday, 11 March 2024, 15:03
CPI Data Insights from Citi Economist Veronica Clark
Key Points:
- Yearly Rate Decrease Expected: Clark foresees a drop in the CPI yearly rate.
- Residual Strength in Monthly Data: Despite an anticipated decrease, monthly data shows resilience.
- Challenges in Services Inflation: Clark highlights concerns in services inflation for the Fed.
- Rate Cut Forecast: Clark predicts the first cut in June and ongoing cuts thereafter.
Despite indications of a reaccelerating economy, Clark points out labor market weaknesses, including hiring slowdowns and rising unemployment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.