Heavy week for economic data; Fed to talk tough?
I wouldn't be surprised to see an uptick in inflation given the rebound we saw in energy prices last month. I also wouldn't be surprised to hear hawkish comments from the Fed. In this environment of abundant liquidity (see my posts about the LBO mania) AND a weak dollar, the Fed can't afford to throw more gasoline on the fire. If officials talk about easier monetary policy or downgrade their economic outlook, we could get even more asset inflation and/or dollar depreciation -- things I doubt the Fed wants to see.
FYI, Briefing.com has a good free site with all the dates for upcoming economic reports (and market forecasts for them). You can find it here.