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The Week Ahead

The Week Ahead

March 14, 2024

Before the Federal Reserve decides on interest rates, a key report on consumer prices is coming out. The report for January showed prices going up, making people think rates might be lowered in June. If February's report also shows prices rising, those rate cut hopes might be pushed back. Other important updates this week include the Producer Price Index and how much people are spending in stores, expected to slightly increase if we don't count things that often change in price like cars, gas, and food. People feeling confident because stock prices are up and inflation is down is important for the economy, as it influences how much they spend. This, in turn, could even affect how people vote in the upcoming election. But, if gas prices go up or interest rate cuts are delayed, people might start feeling less optimistic.