Investing.com A raft of U.S. data and Eurozone inflation numbers will give more insight on the near-term path of interest rates. PMI data from China will show how the reopening of the world’s number two economy is faring after the Lunar New Year holidays. Equity markets will be on the alert for Fed hawkishness and more retail earnings are on tap. Here’s what you need to know to start your week.
1)U.S. data
Official data on Friday pointing to a strong rebound in consumer spending and accelerating inflation added to concerns over a “no landing” economic scenario in which strong growth keeps inflation elevated and prompts the Federal Reserve to keep rates higher for longer.
2)Hard landing?
After a strong performance in January, stocks have retreated this month as a raft of economic data fueled expectations that the Fed will need to push interest rates higher and keep them elevated for longer than previously seen.
3)Eurozone inflation data
While another 50-basis point rate hike at the European Central Bank’s upcoming meeting in mid-March is almost certain, what happens beyond then is still up for debate, so this week’s preliminary data on Eurozone inflation will be closely watched.
