Stocks await CPI data, Fed rates, commodity prices: 3 Things
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Stocks (^DJI, ^IXIC, ^GSPC) are gearing up for March's CPI (Consumer Price Index) and PPI (Producer Price Index) inflation prints due out this week. In turn, the pressure has turned up for the Federal Reserve as investors begin to price in less interest rate cuts for 2024. JPMorgan Chase & Co. (JPM) CEO Jamie Dimon outlined his concerns about "stickier inflation and higher rates" in his annual shareholder letter. Over in the commodity sector, gold futures (GC=F) edge higher while oil prices...

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