The coming week is packed with Federal Reserve speakers and important data, including a much anticipated inflation reading Tuesday, when the consumer price index is released. Fed Chairman Jerome Powell kicks off another busy week for Fed appearances with a Sunday evening interview on 60 Minutes. He also speaks Wednesday at an Economic Club of Washington event.
Powell, in comments this past week, continued to reinforce that the Fed will keep its easy policies in place for a long time, and that any emergence of inflation should be temporary. But hotter-than-expected producer price inflation data Friday has made the consumer price index release Tuesday all the more important. PPI gained 1%, double the expected increase.
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Inflation is unlikely to hit the Federal Reserve's 2% target on a sustained basis at least through 2022, Boston Fed President Eric Rosengren said on Wednesday, adding that he was not concerned about an immediate jump in prices that is expected to occur as the coronavirus.
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