The focus in markets shifts immediately to inflation in the week ahead, after Friday's April jobs report added an edge of uncertainty to the outlook.
The calendar is busy with Fed speakers, including Vice Chairman Richard Clarida who speaks shortly after the Wednesday release of the consumer price index. Economists expect the number to look sizzling when compared year over year since it will show the base effects of the comparison to last year's weakness.
But they expect it to remain rather tame over last month, and if that's not the case, inflation fears could rattle markets.
The earning season is beginning to slow down and Disney is one of the big names reporting. Strategists expect the technology sector to remain a battleground for investors, as it continues to face headwinds.
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