The week ahead is jammed packed with economic data releases, earnings calls, and an FOMC meeting.
In the latest CPI reading, headline year-over-year inflation jumped to 2.6%, which didn’t catch many off guard. During the week ahead we will get the March release of the Federal Reserve’s (Fed) preferred inflation measure, the personal consumption expenditure index (PCE). Most are expecting it to climb above the Fed’s target of 2%, however, the Fed continues to say the bout of higer inflation will be temporary. Speaking of the Fed, the FOMC will be holding its April meeting during the week ahead. Most expect the Fed to keep their current policies in check, but it will be the commentary and Chairman Powell’s follow-up press conference that will garner most of the attention.
Furthermore, the week is loaded with high profile earnings releases from the heavy hitting tech darlings that carried markets last year to some of the biggest blue-chip names.
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