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What to Watch: CPI Revisions, US House Stopgap Spending Bill

MARKET INSIGHT
  • CPI Revisions: Ahead Thu's core CPI inflation measure, BLS will release seasonal adjustment factors at 1100ET recalculated to reflect price movements from the just-completed calendar year. Link: https://www.bls.gov/cpi/notices/2022/seasonal-adju...
  • Following separate House announcements (Reps at 1000ET, Dems at 1030ET), Punchbowl notes the House will vote on a stopgap spending bill to keep federal agencies open until March 11. "House and Senate appropriators have been trying to nail down a 'topline number' so they can begin crafting a 2022 omnibus spending deal. There’s been no agreement yet, although one is expected imminently."
  • At approximately 1345ET, President Biden scheduled to speak about his admin's “work to rebuild our manufacturing to make more in America, create good-paying union jobs, and lower energy costs for Americans.”
  • Of course, geopolitical tensions ongoing, market alert for any development re: Russia/Ukraine, the US and NATO.

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