Forget CPI. This market indicator says inflation may stay above 2% for years. - MarketWatch

1. Five-year breakeven inflation rate at 2.6% signals persistent inflation concerns. 2. January's CPI expected at 2.9%; any surprise could affect markets. 3. Fed is cautious, likely keeping rates steady amid inflation uncertainties. 4. 10-year Treasury yield at 4.54%, indicating rising borrowing costs. 5. An embedded inflation mindset may hinder significant yield decline.