Will rally cool off? | House passes $1 trillion infrastructure bill | Buffett's record cash pile

Stocks could continue their record-breaking rally in the week ahead, even as fresh data is expected to show the biggest jump in consumer inflation on a year-over-year basis in 30 years.

VIEW IN BROWSER | SUBSCRIBE SAT, NOV 06, 2021 WEEKEND BRIEF EDITOR'S NOTE Stocks could continue their record-breaking rally in the week ahead, even as fresh data is expected to show the biggest jump in consumer inflation on a year-over-year basis in 30 years. Both the consumer price index and producer price index are on the calendar in the coming week.   Strategists say their biggest worry for the market is that inflation will run even hotter, and the Federal Reserve will be forced to raise interest rates sooner than expected. However, the Fed's announcement on tapering bond purchases this past week was taken in stride by the equities market, since the Fed continued to say inflation is temporary and that it would act to fight rising prices if it needs to. Futures markets are now pricing in a first rate hike by next summer.   "I think the Fed gave the equity market what it was looking for...which was an awareness of inflation without an overreaction to inflation," said one chief investment officer.   There is a parade of Fed speakers on the calendar, including Fed Chairman Jerome Powell and Fed Vice Chairman Richard Clarida. Earnings season is beginning to wind down, but there are a number of big reports expected, including from Disney. Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD Stocks could soar to new heights in week ahead — even though inflation data may come in hot   MICHAEL SANTOLI'S MARKET COLUMN The stock market rally is reaching a point where it ought to cool off — but will it? ACTIVIST SPOTLIGHT The evolution of ESG investing. Here's what's next   YOUR WEEKEND BRIEFING  House passes $1 trillion bipartisan infrastructure bill that includes transport, broadband and utility funding, sends it to Biden Biden social and climate bill clears procedural vote in House, where it still awaits final approval Berkshire's operating earnings pop 18% last quarter with Buffett's cash pile at record $149 billion Wall Street analysts are doubling down on these stocks after earnings Cramer's week ahead: Strong earnings may help market overcome a historically tough period Warren Buffett's equity portfolio is tied up in just 4 stocks. Here's what they are     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