 In today's trend watching, it could be a decisive week for perceptions about what the Federal Reserve is likely to do next. As Federal Reserve Chair Jay Powell begins his semi-annual economic report to Congress this week, it will cover two days outlining the future direction of interest rates, inflation, the Fed's current stance on both, and how the Fed sees the economy unfolding for the remainder of the year. Along with that, two important inflation data points coming out this week as well. We have consumer prices and producer prices due out.