Posted 2/25/2024, 2:00:58 PM
Inflation Data and Retail Earnings to Test Markets After Recent Highs
- New inflation data, including the PCE price index, will test stocks' record highs achieved last week
- Earnings reports from retailers like Macy's and Best Buy will show if consumer spending remains strong amid inflation
- Markets are pricing in less aggressive Fed rate hikes compared to December forecasts
- Indicators show investor sentiment has not reached euphoric levels that typically signal market peaks
- Important economic data like GDP, jobs claims, and manufacturing updates also on tap