Last week it was an inflation report followed by a recalibration of how high the Federal Reserve will raise interest rates to cool it down.
It may be the same in the week ahead.
The central bank’s favored inflation gauge, the Personal Consumption Expenditure, will be released on Thursday. Don’t be shocked if it mimics what the January Consumer Price Index reported. Last month’s CPI showed prices increased from a month earlier while continuing their months-long trend of slowing compared to a year earlier. Still, inflation remains uncomfortably high, posing an ever-present risk to the economy.
