The US economic calendar is brimming with activity this week, with the Federal Reserve reacting to rising PCE, PPI, and CPI inflation data.Additionally, a raft of earnings reports from more than 20% of the S&P 500 will be coming in this week.All eyes are on Federal Reserve chair Jerome Powell who kicks off a two-day meeting on Tuesday. Federal Open Market Committee policymakers are expected to keep rates at 5.25% to 5.5% when it concludes on Wednesday.
Powell will hold his usual press conference on Wednesday to discuss the details of the decision and the current frustrating inflation pressures.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: