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Week Ahead – Economic data dominates
The latest round of economic data (retail sales, CPI, PPI, jobless claims) are all signaling more Fed rate hikes are coming. Wall Street will pay close attention to the flash PMIs, which could show manufacturing and service sector activity is stabilizing, existing home sales, jobless claims, and personal income & spending data. The second look at Q4 GDP and core PCE are also expected as is the final sentiment reading from the University of Michigan. The debate between quarter-point and 50 basis point rate rises by the Fed has returned. The FOMC minutes will closely be watched, especially after Fed’s Bullard and ... (full story)
