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* January 2023 saw a small acceleration in used car prices, energy/gasoline, and stabilization in housing, this could offset some of the disinflationary trends in goods and the small decline in wages. | * January 2023 saw a small acceleration in used car prices, energy/gasoline, and stabilization in housing, this could offset some of the disinflationary trends in goods and the small decline in wages. | ||
Before CPI, market is pricing a 90% probability of a 0.25 bps rate hike in March meeting. | Before CPI, market is pricing a 90% probability of a 0.25 bps rate hike in the March meeting. A terminal rate of 5.2%, and rate cuts starting after October. <ref>https://twitter.com/MichaelMOTTCM/status/1625133039582908416/photo/1</ref> | ||
''Range:'' | ''Range:'' |