CPI Preview: Good, Bad & Ugly
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What’s in Today’s Report:
- CPI Preview: Good, Bad & Ugly
- Weekly Market Preview: Will Market Catalysts This Week Support A Further Rally?
- Weekly Economic Cheat Sheet: CPI Tomorrow, Key Growth Data the Rest of the Week
Futures are slightly lower as markets digest two slightly negative events from the weekend and look ahead to a week filled with possible market moving catalysts.
Moody’s downgraded the U.S. credit outlook to negative but importantly did not change the rating and as such it’s not significantly impacting markets.
Geo-politically, U.S. forces struck more targets in Syria over the weekend, escalating regional tensons but so far markets are not reacting (oil isn’t rallying off the news).
Looking forward, this is a potentially important week, but it starts slowly as there are no notable economic reports today nor any Fed speakers.
Beyond today, though, in addition to the economic catalysts this week, risk of another U.S. government shutdown is rising as there needs to be a short-term spending deal by Friday to avoid a shutdown. So, any progress on that front today will help markets, while any negative headlines will likely provide a small headwind.
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