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| By Kenny Polcari |
Before with get into what’s happening this week, I think it’s important to flip back really quickly to what happened on Friday …
That’s when we got an EXPLOSIVE nonfarm payroll report that showed we created double the jobs that the market was expecting — 528,000 vs. the expected 260,000.
I get into the numbers in more detail in the video, but here’s the key point: This is going to keep the pressure on the Fed as rising jobs and rising wages contribute to that wage-price spiral inflation that we find ourselves running in.
All of this, of course, impacted Friday’s market activity as traders, investors and algorithms begin to think what’s next for the Fed. That’s certainly the million-dollar question, and the answer will depend a lot on what we hear this week.
That’s right — we’ll be getting a range of data points this week, but what the market’s going to be paying attention to are the two key inflation indicators:
- The first one is the Consumer Price Index, which comes out on Wednesday.
- And the second one is the Producer Price Index,which comes out on Thursday.
Find out what the expectations for these two key indicators are, plus other important reports we’ll be watching closely that’ll surely impact the Fed’s next moves:
You don’t want to miss this, so click here to get all the details. Then, be sure to check your inboxes tomorrow for the next installment of my weekly video interview series, Wealth & Wisdom.
To your Wealth & Wisdom,
Kenny Polcari
Host
