Will Inflation Trend Lower for the Third Month In a Row? We'll Find Out Tomorrow
As has been the case for many months now, the market will be paying close attention to the Consumer Price Index (CPI) when the U.S. Bureau of Labor Statistics (BLS) releases December data Thursday morning.
The CPI tracks the price changes on a market basket of consumer goods and services. It's a key way investors gauge inflation, which is a key determinant of what will happen to the economy and the market this year.
The Federal Reserve is still looking for more proof that inflation has peaked and will start to slow as the year progresses. Will the CPI continue to head in the right direction tomorrow? Let's take a look.
Source Fool.com