All eyes were on the Fed and inflation data last week, which did not disappoint. Inflation data showed to be moving in a positive direction and the Fed acted exactly as most expected. This was capped Thursday with the PPI coming in lower than expected and the market rocketing to new highs. The S&P 500 ($SPX) (SPY) closed the week up just over 1.5%
This week we have a rare mid-week holiday for the US markets as well as several news releases to watch as well as something that has the ability to affect all Dollar denominated assets.
