Wall Street, buckle upExpect a volatile week for stocks as...

Wall Street, buckle up
Expect a volatile week for stocks as investors look to jobs numbers, other economic reports for signs of the Fed's next move.
May 28, 2006: 2:10 PM EDT


NEW YORK (Reuters) - Volatility is in store for stocks this week as investors try to gauge the outlook for inflation and interest rates amid a large slate of U.S. economic releases, including May payrolls.

Stocks ended on a positive note Friday after see-sawing during the week, as a report showing the pace of U.S. inflation in line with Wall Street's expectations offset a drop in consumer confidence.


This week's key data release is the jobs report, due on Friday. But traders also will get another read on consumer confidence, as well as reports on regional and national business activity and government data on factory orders and durable goods in the holiday-shortened week.

Markets will be closed on Monday for the Memorial Day holiday.

Investors will search the data for clues on whether the Federal Reserve may choose to keep raising interest rates in an effort to control inflation.