Expectations about the future path of Federal Reserve interest-rate policy has been on a roller coaster this year and the next potential swoon could come Friday with the release of the Fed’s preferred inflation measure of consumer inflation.
With an estimated 62% of U.S. adults owning stocks, it becomes increasingly difficult to see how consumer demand can taper off by enough to bring down inflation.
It will be a busy holiday weekend, with some 43.8 million Americans hitting the road, according to AAA.
Dell and Marvell will offer glimpses into AI spending, while Costco and Gap are among big retail names due to report.