Stock market headed for critical week amid Fed meeting, CPI

Next week is one of the most critical weeks for the stock market this year as investors brace for a Federal Reserve interest rate decision that could bring a pause in rate hikes and new CPI inflation data. the market could get jolted by volatility depending on how the new inflation data shakes out and how the Fed reacts to that data at its policy meeting on June 13-14.

"Even if the Fed raises rates a few more times in 2023, to us, the key is whether this is in response to rising inflationary pressures. And our view is that these pressures are diminishing," Lee said.

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