Next week's inflation reports will give Wall Street a clearer picture of the interest rate outlook ahead of this month's Federal Reserve policy meeting. The reports will come at a time when record highs in stocks have some investors on edge. The February consumer price index, set for release Tuesday, and the producer price index, due out Thursday, could hurt equities if the reports come out hotter than expected.
This week, Nordstrom shares dropped 18% after the department store chain warned of a potential sales drop this year, even after beating fourth-quarter expectations. Meanwhile, credit card delinquencies last year were shown to have risen by more than 50% last year , with consumer debt expanding to $17.5 trillion — signaling "financial stress." That, combined with any uptick in inflation, could put pressure on the consumer.
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