Investing.com -- Investors will be looking ahead to data due out when markets are closed on Friday for the latest read on U.S. inflation. Several Federal Reserve officials, including Chair Jerome Powell, are slated to speak and their comments will be closely watched after last week’s dovish remarks by the Fed head. Here’s what you need to know to start your week.

1. US data

The U.S. is to release the core personal consumption expenditures price index, the Fed’s preferred gauge of underlying inflation when markets are closed for Good Friday.

The index, which excludes food and energy costs, is forecast to rise 0.3% in February after posting its biggest monthly increase in a year the prior month.

Last week the Fed stuck with projections for three interest rate cuts this year, despite revising up its forecast for economic growth, but adding that official wanted more evidence inflation is slowing before easing.

The economic calendar also features data on new home sales, durable goods orders, revised GDP and the weekly report on initial jobless claims.

2. Fed speak

Fed Chair Jerome Powell, Atlanta Fed president Raphael Bostic and Fed governors Lisa Cook and Christopher Waller are among some of the Fed officials due to make appearances during the coming week.

"[W]e believe that it is likely that Fed speakers over the coming weeks will lean more on the hawkish side, especially with regard to the long-term path for policy interest rates -- the thing that could be material for the 10-year yield," analysts at Macquarie said in a recent note.

"Powell's 'dovish' tone came somewhat as a surprise to us, and probably ran counter to the thinking of other Fed policy officials," Macquarie added, flagging the jump in the overnight index swap market pricing in an 85% chance of four cuts in 2024.

But the Fed's updated summary of economic projections showing that the Powell's Fed colleagues are expecting stronger economic growth, higher inflation, and a modest rise in the Fed's longer-term rate offer clues to "what the other Fed officials were thinking," Macquarie says, painting a far less dovish picture than the one delivered by the Fed chief.

3. Equities

Last week saw the S&P 500 post its largest weekly percentage gain since mid-December, rising 2.3%. The Dow Jones Industrial Average climbed 2%, also its biggest weekly gain since mid-December, while the Nasdaq rose 2.9%, its biggest weekly percentage increase since mid-January.

Some market watchers believe the market is due for a pullback after a run in which the S&P 500 has gained 27% since late October.

Others, however, are betting the trend will continue as investors look beyond the massive growth and technology stocks that have fuelled the U.S. stock market’s gains over the past year.

The wider rally "means that leadership isn't so concentrated and susceptible to a correction," Robert Pavlik, senior portfolio manager at Dakota Wealth told Reuters.

The upcoming end of the first quarter also could prompt volatility as fund managers adjust their portfolios.