Wall St week ahead: Inflation data may seal fate of unloved US stock rally

For their part, Fed officials have over the past week opposed the narrative of a so-called dovish pivot

A rally in U.S. stocks that has powered on despite skepticism from Wall St faces a reality check in the coming week, as key inflation data threatens to shut the door on expectations of a dovish shift from the Federal Reserve.
 

The S&P 500 has walked a tightrope this summer, rising 13% from its mid-June lows on hopes that the Fed will end its market-bruising rate increases sooner than anticipated. A blowout U.S. jobs number on Friday bolstered the case for more Fed hikes but barely dented stocks the S&P fell less than 0.2% on the day and eked out