CPI, PPI and 17 Fed speeches: markets face a loaded week

Markets are bracing for a packed slate of data and commentary this week, according to a rundown from The Kobeissi Letter. The calendar kicks off Tuesday with October's consumer price index, the inflation reading that tends to move stocks, bonds and rate expectations the hardest.

Wednesday brings OPEC's monthly report, giving traders a fresh look at supply and demand in the oil market. Thursday stacks two releases together: initial jobless claims, the weekly pulse on layoffs, and October existing home sales, a gauge of how buyers are holding up in a high-rate housing market.

The week closes Friday with October's producer price index, which tracks inflation at the wholesale level before it reaches consumers. The Kobeissi Letter flagged the pairing of CPI and PPI as a one-two punch for anyone trying to guess where prices are heading.

On top of the data, a total of 17 Fed speaker events are scheduled across the week. That's a lot of airtime for central bank officials, and every hint about the rate path has the potential to jolt markets between releases.

The Kobeissi Letter's verdict: expect another volatile week ahead. With inflation prints on both ends of the week and a steady stream of Fed voices in between, there's little room for a quiet stretch.