Week Ahead

Last week, meme stocks grabbed the headlines while stocks in general inched to record highs. Read more about upcoming economic reports and possible Fed responses in the Week Ahead.

Sowell acknowledged that inflation had increased notably in recent months, but he reiterated that he saw it as transitory due to supply issues and the reopening of the economy. He believes the labor market has a long way to go and needs continued support. The bullish comments on supporting the economy for as long as it takes pushed equities higher for the week.

On Wednesday, the Fed raised its inflation expectations, saying that it is considering tapering its purchases of Treasuries and mortgage securities and showed a slightly more hawkish view towards 2023 rate hikes. Read more about expectations associated with Powell’s upcoming congressional testimony.

The demand for used cars and trucks has surged as semiconductor shortages have crippled new car production and populations have shifted to suburbs. Read more about what is driving consumer prices up in the Week Ahead.

Last week, meme stocks grabbed the headlines while stocks in general inched to record highs. Read more about upcoming economic reports and possible Fed responses in the Week Ahead.

Fast-rising inflation returned in April, with CPI rising 4.2% from a year ago. This price increase could be transitory as supply shortages and reopening surge in demand is temporarily pushing prices higher. Read more about the effect on market volatility in the Week Ahead.