All eyes will be on the PCE inflation report this week, following last week’s CPI, and the Federal Reserve minutes on Wednesday.
January’s CPI came in slightly below expectations, with headline inflation at 2.38% year-on-year and core CPI at 2.5%, the lowest since early 2021. This boosted the stock and crypto markets on Friday, but gains in the latter were soon eroded over the weekend.
“Meanwhile, geopolitical tensions remain, and macroeconomic uncertainty is elevated,” said the Kobeissi Letter, cautioning of “more volatility this week.”
Economic Events Feb. 16 to 20
Traditional markets are closed in the US on Monday for the President’s Day holiday.
There is an ADP employment update on Tuesday, followed by the January Retail Sales report. Wednesday sees more consumer spending data with the delayed December Durable Goods Orders numbers.
The Fed meeting minutes are also released on Wednesday, and there will be 10 central bank speaker events, which could shed light on futu
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