Inflation data, Powell testimony, a 10-year auction and potentially new tariffs will keep Wall Street on alert Wednesday.

Bond yields rose as investors waited to see if U.S. inflation data would dovetail with the prevailing narrative of no interest rate cuts by the Fed in coming months.

On February 12, the CPI for January 2025 will be declared at 8:30 EST.According to economists, there will be a 2.8% increase in living expenses over the next year, which is merely 2% lower than the 2.

An early prediction for next year’s Social Security Cost of Living Adjustment shows retirees could be in for a shock.