Considering today’s retail sales report (0.7% increase), and the inflation (2.7%), do you still think the fed will cut rates tomorrow?

Everybody and their dog are expecting rate cuts tomorrow, but based on the data that we have right now, to me personally, it doesn't make any sense. The sales are up, the inflation is hot. Why would they cut rates even more? I'm sure I'm missing something and considering the new administration, maybe there's a reason.

I'd love to hear your opinion on this.