Fresh data prints coming out of the US may drag on the S&P 500 index as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month. Get your weekly S&P 500 forecast from DavidJSong here:
insists that the central bank could “reduce the balance sheet at a rapid pace as soon as our May meeting,”
and speculation for a further shift in monetary policy may produce headwinds for the S&P 500 index as the FOMC looks embark on quantitative tightening while delivering a series of rate hikes.
it would be appropriate to move the stance of monetary policy toward a neutral posture expeditiously.With that said, recent price action raises the scope for a larger rebound in S&P 500 index as it appears to be reversing ahead of the, but evidence of persist inflation may drag on equity prices as it puts pressure on the FOMC to adjust its exit strategy.