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A flurry of U.S. employment data this week left investors puzzled about the future stance of the Federal Reserve’s monetary policy, but next week’s June CPI report may give the stock market more clarity on whether the Fed will still have to ratchet up its fight against inflation after pausing its aggressive series of interest-rate hikes last month. The June consumer price index report, which is set to be released Wednesday at 8:30 a.m. ET, may either give green light to a continued stock-market rally, or kill the current baby bull market as macroeconomic headwinds are intensifying and may potentially derail the rally, said market analysts.
The June …
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