The LAST important data before the Fed's interest rate decision is tomorrow!
US inflation data (CPI)
🟢 Expectations are positive (green box)
🔵 But Wells Fargo has diverged in the most important data
Monthly core data. I don't think 0.3 is too bad, but the probability of a possible surprise being upward (negative) is higher.
Still, it doesn't jeopardize the 25bp rate cut.
