Key Data This Week May Show Hot Inflation Slowing While Economy Stays Strong, Fed Remains Patient
-
Consumer and producer price indexes releasing this week may show hot inflation in March but with moderating shelter cost increases.
-
Fed Chairman Jerome Powell reiterated forecasts for rate cuts this year despite strong jobs growth showing the economy remains robust.
-
Inflation expected to keep decelerating from high levels though still above Fed's 2% target.
-
University of Michigan consumer sentiment index possibly declining slightly in April based on preliminary reading.
-
Fed minutes from last meeting could provide more clarity on members' views on timing of rate cuts.