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‘Fed Official Warns Against Calling Time On Rate-Rising Cycle Too Soon; U.S. Central Bank Must Not Claim Victory Over Inflation Prematurely, Says San Francisco Fed President’ – Financial Times

https://www.ft.com/content/ce61eb61-dc4b-4ae4-be5d-a78a1384737b The US Federal Reserve would put its credibility at risk if it prematurely declared victory in its fight against inflation and then had to raise

SPY

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US Stocks On Track To Build On Gains As Traders Await A Batch Of Data; Can Market Resist Profit Taking?

U.S. stocks could build on the momentum they picked up on Tuesday following the release of benign inflation data. Traders get to digest another batch of economic data on producer price inflation, retail sales, regional manufacturing activity, and a few speeches by Federal Reserve officials.

AAP