Fed

TGIF. Phil Rosen here, reporting from New York City. 

I'm happy to see that, finally, the rest of the world seems to be catching on to the magic that is Magic: The Gathering. 

Haven't heard of it? Well the once-niche card game just became a $1 billion brand.

Good morning, readers. I'm Phil Rosen, reporting from New York City. 

The Bureau of Labor Statistics publishes January's CPI data at 8:30 a.m. ET today. 

Economists expect inflation to have cooled to 6.2% year-over-year, down from 6.5% the prior month. 

Inflation continues to come off June's high of 9.1%, but it remains well above the Fed's 2% target. Policymakers have reiterated hawkishness on several occasions, yet markets are still acting like easing rates are a sure thing.