Also on Tuesday, Kansas City Fed president Esther George will speak on the economic and monetary policy outlook before an event hosted by Central Exchange, the Senate will hold a hearing on Jerome Powell's re-nomination as Federal Reserve chairman, and Secretary of Defense Lloyd Austin will testify before the Senate on the U.S. withdrawal from Afghanistan. The consumer price index and core CPI will top economic data midweek after hitting 6.8% in November.
Additionally, the Beige Book will be reported along with the Energy Information Administration's weekly crude report.
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Inflation, rising rates and the Federal Reserve could whip stocks around in the week aheadThe bond market could continue to set the course stocks in the week ahead, after a choppy start to the new year.
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