Big Fed meeting ahead | S&P 500's 14% return so far | Cramer's week ahead

The Fed's two-day June meeting is the big deal for markets in the week ahead.

VIEW IN BROWSER | SUBSCRIBE SAT, JUN 12, 2021 WEEKEND BRIEF EDITOR'S NOTE The Federal Reserve's two-day June meeting is the big deal for markets in the week ahead. The central bank is not expected to take any action, but officials will be providing their latest economic forecasts, including on inflation and interest rates.   Traders say those forecasts could be market moving when released Wednesday, if Fed officials believe inflation will be hotter in future years or change their forecast for the timing of the first rate hike. Currently, the Fed's forecast does not show any rate hikes through 2023.   "Markets have to get past Wednesday before anyone makes huge bets," said one strategist.   There are a few economic reports, including retail sales, the Producer Price Index inflation reading and industrial production, both on Tuesday. Traders have been watching the slide in the benchmark 10-year Treasury yield, which moves lower when bond prices rise. The move is largely viewed as technical but it has encouraged some buying in tech and growth names. Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD Markets await the Fed's meeting before making the next big move in the week ahead   MICHAEL SANTOLI'S MARKET COLUMN The stock market coasts toward the halfway point with the S&P 500 returning nearly 14% ACTIVIST SPOTLIGHT Here's what investors can expect from Bill Ackman's Universal Music SPAC deal   YOUR WEEKEND BRIEFING  Cramer's week ahead: Don't underestimate the market's small gains Jim Cramer: Be patient with bitcoin, approach the S&P with caution Wall Street analysts are pounding the table for these unappreciated stocks The Fed could be facing a jobs headache in its inflation fight Biden to press G-7 leaders to adopt a unified approach to counter China's rising influence Apple says it didn't know Trump's DOJ was asking for Democrats' data when it complied with subpoena     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS