With the much anticipated November FOMC meeting just two weeks away, all eyes will be on the Central Bank’s preferred measure of inflation, the Personal Consumption Expenditure index (PCE), during the week ahead. Most are expecting the FOMC to announce its plan for slowing its asset purchases and the PCE reading as the primary reason to start tapering.
The third quarter earnings season has started off hot, however, we will start to get the releases from companies who have had to directly contend with supply chain issues and higher prices. We will find out a lot about the health of corporate America in the coming weeks.
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