This week, investors will focus on two key events:
- Inflation Data:
- Wednesday: Consumer Price Index (CPI) release.
- Tuesday: Producer Price Index (PPI) release. These reports will provide crucial insights into the Federal Reserve's ongoing battle against inflation.
- Earnings Season:
- Several major banks (JPMorgan Chase, Goldman Sachs, Citigroup) will report earnings on Wednesday.
- Other significant companies like Bank of America, Morgan Stanley, and Taiwan Semiconductor Manufacturing will follow on Thursday.
Other Economic Data:
- Tuesday: National Federation of Independent Business (NFIB) Small Business Optimism Index.
- Thursday: Retail Sales report.
This week will be crucial for investors as they assess the economic landscape and gauge the impact of these key events on the market.