A male wearing a protective face mask strolls by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton
PPI got 1%, double the anticipated increase.Kevin Cummins, primary U.S. economist at NatWest Markets, stated he expects core CPI to increase 0.2% for March, or 1.5% year-over-year, but headline inflation ought to rise 0.5% or 2.5% year-over-year. He anticipates CPI to peak at 3.6% in May but then calm down during the summer.The other key piece of information in the coming week is the retail sales report for March, which Cummins stated might show a 10% gain. The Dow Jones agreement projection is for a 5.6% gain, following a 3% decline in February.Cummins stated March sales should be increased by the $1,400 stimulus checks sent to people, which started reaching bank accounts in mid-March. Profits might come back 50%, and revenues might come back 100%. The Dow increased almost 2% for the week, ending at a record 33,800, while the S&P 500 gained 2.7% to a record 4,128.