Inflation worldwide

The entrenched nature of inflation, including high wages, fierce services spending, increased input costs and supply chain issues, expectations for rate cuts are likely to fade as the potential for another Fed rate increase becomes more likely.

Following the restructuring of First Republic Bank, investors are looking ahead to an eventful week featuring a pivotal Federal Reserve meeting, earnings from large-cap companies including Apple, and market-moving economic data not limited to Payrolls and the Job Openings and Labor Turnover report.

The tricky part comes now-the pivot for rate cuts. Interestingly, it doesn’t seem as if the Fed is on the same page as the money and bond markets on the timing and magnitude for potential rate cuts.