Inflation will be the key story, with February’s Consumer Price Index releasing on Tuesday and the Producer Price Index (which measures wholesale inflation) on Thursday. The Fed will be watching these reports closely, given that January’s readings were hotter than expected.
Also on Thursday, look for February’s Retail Sales and the latest Jobless Claims. Friday brings an update on manufacturing in the New York region.
Investors will also be closely watching Tuesday’s 10-year Note and Wednesday’s 30-year Bond auctions for the level of demand.