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The bond market is on the brink of signaling that investors expect a series of Federal Reserve interest-rate hikes will start shifting the narrative from worries over sticky inflation toward the risk that the US economy stalls out.

Investors will be watching two key economic indicators this week, with the Fed’s preferred inflation gauge due Wednesday and the September jobs report Friday. Neil Dutta, head of economic research at Renaissance Macro, tells @davidgura and @EenaRuffini to expect more Federal Reserve rate hikes ahead. “My sense is that the markets are ultimately going to have to price in a more rapid pace of Fed tightening.”

Will the Fed Raise Interest Rates in the Coming Months? The Latest Forecasts Are Here

Next week the U.S. nonfarm payrolls and core PCE will be announced, and Micron will release its earnings after the market close on Wednesday.