Edward Jones - Amanda R. Henevoy

Inflation remains front and center for consumers and policymakers, but financial markets may be looking a step ahead: at a potential economic slowdown or recession looming. While the probability of a recessionary period is rising, perhaps the silver lining here is that in our view we don't yet see the scope for a deep or prolonged downturn ahead.

Weekly market wrap A summary of last week's market highlights and economic news.

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This week's CPI inflation reading will be a key driver of markets. While core inflation may be moderating, we are carefully watching headline inflation, which continues to remain hotter due to higher food and energy prices. This will likely keep the Federal Reserve on track for a 50 basis point rate hike at next week's Fed meeting, but we see scope for the Fed to move at a more gradual pace in the back half of the year.

Weekly market wrap A summary of last week's market highlights and economic news.

Interested in learning more about last week's market and what this week could hold? Take a look at this update.

Weekly market wrap A summary of last week's market highlights and economic news.