The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced off its lows Friday after the latest reading of consumer confidence suggests rising prices and economic uncertainty may be negatively impacting U.S. consumers.
U.S. producer prices fell more than economists had expected last month in a sign the Federal Reserve's aggressive response to high inflation is starting to take hold.
The SPDR S&P 500 (NYSE: SPY) is volatile Tuesday morning after the Labor Department reported a 6% year-over-year increase in the consumer price index (CPI) for February.
The Federal Reserve will have to weigh cross currents when it considers the magnitude of its next rate hike, and an all important indicator is due this week.
Thursday's jobs data suggests the labor market might finally be starting to roll over, but attention is shifting to Friday's non-farm payrolls report, which Fed Chair Jerome Powell flagged this week as key to understanding the