Inflation report: An upside surprise isn’t priced in, strategist says

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On Thursday, the latest Consumer Price Index report for December will be released. Interactive Brokers Chief Strategist Steve Sosnick thinks there is an asymmetric risk to the report for investors.Sosnick tells Yahoo Finance Live that good news on inflation is already priced in. However, he doesn’t think that “an upside surprise in inflation is priced in right now.” “In terms of being prepared for what to expect, I think the risks are a little asymmetric going into tomorrow’s number,” Sosnick says. Watch the video above to find out what the report could mean for the Federal Reserve’s next rate decision.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.Editor’s note: This article was written by Stephanie Mikulich …

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