The first week of June was a short one, but it ended up being long on disappointment as the major indices couldn’t build on the prior week’s strong gains. Instead, they fell victim to renewed selling interest that was a byproduct of concerns about the economic outlook, earnings outlook, and monetary policy outlook.
This week brings CPI reports in the U.S., as inflation remains the biggest concern at the Fed and other central banks. And with oil prices closing higher last week and a bevy of corporate rumblings over storm clouds ahead, reminders abound that a soft economic landing may be difficult to realize, no matter how strong the consumer is.
Here’s what to watch in the markets for the week ahead:
1. U.S. CPI Report
Friday’s U.S. CPI report for May comes a few days before the next Federal Reserve meeting, and will act as a final input before the Fed...