# Macro Events and Corporate Updates in the Week Ahead
The week ahead will bring two major macro events for investors to consider. On Tuesday morning, the Consumer Price Index (CPI) report will be released, offering the last piece of the inflation puzzle before the Federal Reserve’s final policy announcement of the year. Wednesday afternoon will feature a press conference with Fed Chair Jerome Powell and a new set of economic forecasts from Fed officials for the coming years.
## Economic Calendar
The economic calendar for the week ahead is packed with important data releases. On Wednesday morning, the Producer Price Index (PPI) will be released, followed by Retail Sales on Thursday and a look at US manufacturing activity on Friday.
## Corporate Updates
On the corporate side, events should be relatively sparse, with quarterly updates from Costco (COST), Adobe (ADBE), and Lennar (LEN) serving as the week’s biggest names to report.
## Market Momentum
Markets enter the week with serious momentum, as all three major US stock market indexes have finished the last six weeks with gains. For the year, the Dow Jones Industrial Average (^DJI) is up more than 9% while the S&P 500 (^GSPC) is up nearly 20%. The Nasdaq Composite (^IXIC) gained nearly 38%. The S&P 500 is now less than 5% away from its record closing high.
## Federal Reserve Policy Decision
At 2 p.m. ET on Wednesday, the Fed will announce its final policy decision of the year, with markets pricing in a near 100% chance the central bank keeps interest rates unchanged in a range of 5.25%-5.50% to cap 2023. Alongside this policy decision, Fed officials will release an updated Summary of Economic Projections, which includes its “dot plot” that maps out policymakers’ expectations for where interest rates could be headed in the future. Forecasts on inflation, GDP growth, and unemployment will also be released.
The week ahead will be a busy one for investors, with macro events and corporate updates to consider. With markets entering the week with serious momentum, investors will be watching closely to see if the Federal Reserve’s final policy decision of the year will help propel the markets to new heights.