Slightly More Focus Than Normal on Thursday's CPI

Slightly More Focus Than Normal on Thursday's CPI

Wednesday ended up being an uneventful trading day with bonds mostly sideways and well within the recent trading range. This isn't hard to believe given the absence of any relevant market movers. Thursday could be different thanks to the Consumer Price Index (CPI). This is one of those reports that has occasionally swung for the fences, but that can also have almost no impact. The present example could receive a bit more focus than normal as it will be the first time we've seen this data since October 24th. In addition, recent Fed speeches have reintroduced inflation concerns as a reason to be patient when it comes to additional rate cuts. None of this guarantees fireworks, but at the very least, it's the last potential source of fireworks this year as far as econ data is concerned.