Last week’s Consumer Price Index or CPI report, which tracks the price of a package of goods, had its highest year-over-year reading in more than 30 years. This report made national headlines and resulted in interest rates spiking higher, with many investors pulling forward that first interest rate hike by the Federal Reserve. This all resulted in two-day higher volatility, lower stock market reaction.

As mentioned last week, the key question is whether that rate of change growth in inflation will peak during this quarter.

For the week ahead, we could have another rollercoaster of a week for stocks. It is options expiration week and as noted many times in these videos it tends to result in a down week for stocks. We also get retail sales this week and a miss could result in news headlines focusing on a consumer that is losing confidence and cutting back on spending because of inflation.

For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.

This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:

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