Inflation remains a big focus for investors, as upcoming economic data could signal whether price pressures persist. Kathy Bostjancic, senior vice president and chief economist at Nationwide, and Sam Stovall, chief investment strategist at CFRA Research, join Morning Brief to weigh in on the outlook. Bostjancic highlights her expectations of a “sticky” inflation, citing increases in the Consumer Price Index (CPI) and Producer Price Index (PPI) driven by egg prices. “What you’re going to see is higher egg prices due to the avian flu. When you seasonally adjust gasoline prices, that’s going to boost the headline CPI number within the core,” Bostjancic explains. Stovall agrees while suggesting the Federal Reserve could likely delay interest rate cuts until mid-2025. “I think certainly that the Fed will be on hold until the second and fourth quarters of this year when they will be cutting interest rates,” Stovall says. “So investors are going to be looking at 10-year yields, inflation, as well as earnings to decide where they should go with their portfolios.”
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