How Januarys CPI print throws a monkey wrench at Fed rate cuts

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January's hotter-than-expected inflation data has upended market expectations according to NYSE Senior Market Strategist Michael Reinking, who told Yahoo Finance's Madison Mills that economic data would be the cause of volatility. • From the floor of the New York Stock Exchange, Reinking says January's Consumer Price Index (CPI) print throws... a monkey wrench into assumptions that the Federal Reserve's tightening cycle was near its end with interest rate cuts on the horizon. Now, the odds of initial rate cuts have been pushed back to May. • For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. • About Yahoo Finance: • Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. • Get the latest news and data at finance.yahoo.com • Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) • Follow Yahoo Finance on social: • X: / yahoofinance • Instagram: https://www.instagram.com/yahoofinanc... • TikTok: https://www.tiktok.com/@yahoofinance?... • Facebook: / yahoofinance • LinkedIn: / yahoo-finance

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