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Week Ahead: What Clues Will We Get From the Fed?

The Central Bank will almost certainly stand pat on rates, but we will still get some insight on what's next. Plus retail sales data, an inflation update, and Oracle's cloud transition.


For Morningstar, I’m Jeremy Glaser, and welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting June 13.

The conclusion of the Fed's meeting on Wednesday will be the most closely watched event. Just a little over a week ago, it seemed like a real possibility that rates were going to move higher. But a disappointing jobs report will almost certainly stay the bank's hand this month as the committee waits for more data on if this was a blip or a sign of real weakness. The market will be carefully parsing the statements and comments made in the press conference afterward for any signs that the bank could act as soon as July or if September or even after that is more likely for a future increase.

One thing that could force to the Fed to move faster is if inflation begins to pick up, and we'll get an update on price levels with the consumer price index on Thursday.

Another data point will be retail sales, due on Tuesday, which will show if consumers are still spending.

Industrial production, a few manufacturing surveys and some housing data will round out the week.

As we approach the end of the quarter, there is little in the way of earnings, but we will see if Oracle's cloud transition is on track or not.

Stay tuned to Morningstar for our take on all of these stories.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.