Forecast for the Week

After last week’s relatively slow economic news calendar, things will heat up this week with several events that have the potential to move the market. On Wednesday, the Fed will announce their interest rate decision…and then the very next day, the Fed’s most favored gauge of inflation will be released, the Personal Consumption Expenditure Index (PCE). It will be interesting to play armchair quarterback to the Fed’s decision, and watch what the inflation numbers reveal! And let’s not forget, on Friday we will see the important Jobs Report, where early estimates are for a net loss of 80,000 jobs.