Following a slew of speeches and public comments by Fed officials, highlighted by chair Powell’s appearance at the Cato Institute’s monetary policy conference on Thursday, the Fed now enters its traditional quiet period until the September 20-21 policy meeting.

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While consumers are keeping their wallets open, the fuel driving spending is starting to run out.

Following seven consecutive weekly declines, the stock market staged a robust advance this week, with the S&P 500 gaining 6.6 percent.

Investors had their eyes laser-focused on this week’s consumer price report for April, which, as expected, continued to fly well above the Federal Reserve’s comfort level and further backed up polls that indicate inflation is the primary concern of households.

The inflation story continued to dominate headlines and stoke volatility in the financial markets this week.

According to the National Heart, Lung and Blood Institute (NIH), May is High Blood Pressure Education month. If the heart-palpitating events of the past week are any indication, the Institute has its work cut out for it. It’s hard to recall another week that generated as much drama or anxiety.