Markets Review/Preview: CPI Ahead; Earnings Wind Down
Oil tops $116, Occidental and Kroger hit new highs. Travel and European bank stocks continue to slip.
The roller-coast ride for financial markets triggered by Russia’s attack on Ukraine looks likely to continue, having added a new wrinkle to inflation concerns ahead of an all-but-certain interest-rate hike later this month by the Federal Reserve.
The latest measure of U.S. inflation, which is now at a 40-year high, will come when the government releases February’s consumer price index report Thursday. The data is expected to show that inflation remained elevated even before the surge in commodity prices sparked by Russia’s attack.
Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.