Will Inflation Start to Peak This Week?

/in , /by

What’s in Today’s Report:

  • Updated Market Outlook
  • Weekly Market Preview:  Will Inflation Start to Peak?
  • Weekly Economic Cheat Sheet:  Key Inflation Data This Week

Futures are modestly lower as Chinese inflation stayed high while the Russia/Ukraine war may be intensifying.

Chinese PPI rose 8.3% vs. (E) 8.1% while CPI gained 1.5% vs. (E) 1.4%, underscoring that inflation has not yet peaked in China.

Geo-politically, Russia is poised for a large assault on eastern Ukraine and analysts are anticipating some of the more intense fighting of the war.

Today there are no economic reports but there are several Fed speakers including Bostic (9:30 a.m. ET), Williams (12:00 p.m. ET) and Evans (12:40 p.m. ET) and we expect them to continue the trend of guiding markets towards a 50 bps hike in May and endorsing the idea of 250 basis points of tightening by year-end (but that shouldn’t move markets as that is already well known).

Did you enjoy this article?

Join thousands of advisors from major brokerage firms like Charles Schwab, UBS, LPL Financial, Raymond James and more – they start their trading day with the Sevens Report. It’s everything you need to know about the markets by 7 a.m. in seven minutes or less.

Sign up below to get the Sevens Report free for the next two weeks.

* indicates required
( ) - (###) ###-####