A double dose of potentially market-moving U.S. events next week could set the tone for asset prices in the rest of 2022 and beyond, as investors brace for a key inflation report followed by the last Federal Reserve meeting of the year.
showing softer-than-expected inflation that fueled a 5.5% rise and helped stocks extend their latest rally. A second helping of benign data could bolster the case for a peak in inflation and buoy equities further.
Some believe a hefty amount of cash on the sidelines and seasonal factors could help invigorate the stock rebound if inflation is weaker than expected or investors like what the Fed has to say. At the same time, the S&P 500, which is down 3.6% so far this month, has risen an average of 1.5% in December since 1950, the third-best performance of any month, according to the Stock Trader's Almanac.
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