Economy and Markets: The Week Ahead
With no market-moving earnings releases scheduled for this week, investors will zoom in on the many important economic reports scheduled to be published in the next few days. The main emphasis will be on the PCE data, which will help investors grasp the ongoing impact of the Fed’s rate increases.
All the main U.S. indexes rose strongly last week, wrapping up their fourth straight weekly gain, as markets interpreted recent weakness in some economic datapoints as a confirmation that the Fed’s hiking cycle has ended. Markets also expect that the policymakers’ next move will be a rate cut, which is likely to occur by mid-2024. The biggest winner of the past week was the Dow Jones Industrial Average (DJIA) with a jump of 1.27%, while the S&P 500 (SPX) rose 1.13%. The Nasdaq Composite (NDAQ) the Nasdaq-100 (NDX) increased 1.07% and…
