CPI data is even scarier than the Fed meeting! Citigroup: US stocks will experience intense volatility tonight.

CPI data is scarier than the Fed meeting! Citigroup: US stocks will experience severe volatility tonight. The Pro UltrPro Shrt S&Pro 500 is expected to see its largest fluctuations since April last year, causing market concerns. Citigroup analysts point out that the options market is more worried about the potential impact of Tuesday's inflation report on the Pro UltrPro Shrt S&Pro 500 than the Fed's interest rate decision next week. The potential volatility of the Pro UltrPro Shrt S&Pro 500 on Tuesday has reached the highest level since April 2023, surpassing the expected volatility of the Federal Open Market Committee meeting next Wednesday. Economists estimate that the CPI in February increased by 3.1% compared to the same period last year, which may affect the market's expectations of a rate cut by the Fed and subsequently impact the stock market. Citigroup recommends holding options on this index to deal with stock market volatility.