Monday Market Must-Knows: April 10, 2023

Is inflation now in a decline?

The week ahead will include several economic data releases. Surprise!...the focus is on inflation data in the US, with Consumer Price Index and Producer Price Index being released on Wednesday and Thursday, respectively. 

The expected decline in inflation may calm fears of rising prices. The year-over-year inflation rate is expected to be at 5.2%, which is an improvement from over 9% earlier, but still far from the Fed's objective of 2%. 

Check out other economic data releases including the Bank of Canada's rate statement, Australian Unemployment Rate, UK GDP numbers, and US Retail Sales numbers. 

Retail Sales, which reflect spending, are expected to decline, and this could have an impact on the markets going forward.

Lastly, for those in the Cryptocurrency markets, keep an eye on the Ethereum Upgrade to be announced later in the week.  Volatility is possible, so be prepared.

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