CPI Preview: "Hawkish Print More Likely Than Dovish Print"

With (delayed) payrolls in the books, the week's last notable macro report is Friday's (delayed) January CPI. As with the jobs report, the most recent 2-day partial government shutdown delayed the release of the January report by a few days, but should have no measurable impact on price data collection or reporting going forward.

Here's what Wall Street consensus expects Friday:

• CPI 0.3% MoM, unchanged from December