396 days ago • Posted by Paul de La Baume

#Inflation & #Earnings continue to drive #markets. What to watch for?

President Biden will deliver a speech about inflation on Tuesday, unveiling his plan to lower costs for the American people. However, this week's important inflation event should be on Wednesday with the US April CPI data. Signs of stabilising or falling inflation pressures should be well received by markets. Until a firm proof of a trend of inflation falling is in place, the markets should struggle. The strong USD is a major headwind and the Fed would need a very good reason to slightly lower its tightening schedule. FOMC members will be speaking all week, apart from Wednesday. Thursday will also be key for this week with US PPI data and Initial Jobless Claims.