CPI, Earnings & Mexico

We don’t expect the Fed to start easing anytime soon. We base that on Powell’s recent comments, January’s CPI report—which was higher than expected but no cause for concern—and the fact that it’s not necessary to ease now to avert a recession, as the Fed’s critics believe. … Also: Joe shares takeaways from the S&P 500 companies’ Q4 results reported so far. Notably, all 11 S&P 500 sectors have exceeded analysts’ consensus expectations. … And: Melissa takes us to Mexico, where the economy is benefiting from increasing trade with the US and the stock market is undervalued by historical measures.