On Monday, June 7, ahead of the closing bell, Real Money contributor Chris Versace discussed the markets and what he's watching.
"Following the sea of economic data during a shortened trading week, the week ahead brings a far smaller number of such reports. However, among them will be one that many, ourselves included, will be watching closely: the May Consumer Price Index," Versace wrote in a Real Money column on Sunday, June 6. "The Prices component in both the May ISM Manufacturing and Non-Manufacturing indices remained at elevated levels and we'll be picking through the May CPI report to determine how much is being passed on to consumers as well as how sticky those increases are likely to be."
"The other event we'll be paying close attention to is the next monetary policy meeting by the European Central Bank on Thursday, June 10. Recent data have shown the region heating up, but similar to what we are seeing here in the U.S., input prices and supply chain issues are also being noted. With the Fed's next policy meeting slotted for June 15-16, we'll be looking at the ECB's wording and thoughts on what it would take to reign in its stimulative efforts," he continued.
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