Key Economic Data and Earnings Reports: Inflation, Fed Testimony, and Q2 Earnings Kick Off Busy Week for Investors

Washington D.C., District of Columbia, USA United States of America
Federal Reserve Chair Jerome Powell to testify before Senate and House committees this week
Investors to closely watch key economic data and earnings reports this week
June's Consumer Price Index (CPI) expected to influence interest rate cuts in September
Q2 earnings season from JPM, WFC, Citi starts on Friday
Second-quarter earnings reports from PepsiCo, Delta Air Lines, Helena of Troy, and Conagra Brands expected
S&P 500 and Nasdaq Composite reached all-time highs last week
US Treasury to provide information on bond supply
Key Economic Data and Earnings Reports: Inflation, Fed Testimony, and Q2 Earnings Kick Off Busy Week for Investors

This week, investors will be closely watching key economic data and earnings reports from major financial institutions. The upcoming quarterly refunding update from the US Treasury will provide information on how much bond supply there will be. Inflation data, specifically the release of June's Consumer Price Index (CPI) on Thursday, is expected to influence the case for potential interest rate cuts in September. America's largest financial institutions, including JPMorgan (JPM), Wells Fargo (WFC), and Citi (C), will kick off second quarter earnings season on Friday morning.

The S&P 500 and Nasdaq Composite reached all-time highs on Friday and ended at record closing levels. The Federal Reserve is currently expected to cut interest rates twice in 2024, with the first one in September. However, recent labor market data has shown signs of cooling, which could impact the timing of this rate cut.

Federal Reserve Chair Jerome Powell will testify before the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. Wholesale inventories data will be available on July 10.

Second-quarter earnings reports from companies such as PepsiCo (PEP), Delta Air Lines (DAL), Helena of Troy (HELE), and Conagra Brands (CAG) are also expected this week. The Consumer Price Index, Producer price index, labor market data, economic growth, equities, high yield bonds will be closely monitored by investors.

The S&P 500 has rallied about 16.7% this year and the benchmark index just had its fourth positive week in the last five amid ongoing optimism that an improving inflation backdrop could lead to a Federal Reserve interest rate cut. However, recent labor data reflected a slightly cooling labor market, which could impact the timing of this rate cut.

Investors will be closely watching these developments as they build their investment strategies for the remainder of 2024.


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Confidence

90%

Doubts
  • It's unclear if all expected earnings reports will be released this week
  • The impact of recent labor market data on the timing of interest rate cuts is uncertain

Sources

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Inflation data, Powell speaks, and big banks report earnings: What to know this week

Yahoo Finance Josh Schafer Monday, 08 July 2024 00:10
  • Unique Points
    • The upcoming quarterly refunding update from the US Treasury will provide information on how much bond supply there will be.
    • Investors will closely watch the release of June’s Consumer Price Index (CPI) on Thursday as they build a case that the Federal Reserve could be set to cut interest rates in September.
    • America’s largest financial institutions, including JPMorgan (JPM), Wells Fargo (WFC), and Citi (C), will kick off second quarter earnings season on Friday morning.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Stock futures open lower as investors await inflation data, earnings this week: Live updates

CNBC News Pia Singh Sunday, 07 July 2024 22:08
  • Unique Points
    • S&P 500, Nasdaq Composite reached all-time highs on Friday and ended at record closing levels
    • Two interest rate cuts are expected in 2024, with the first one in September according to CME FedWatch Tool
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

What To Expect in the Markets This Week

Investopedia Monday, 08 July 2024 00:11
  • Unique Points
    • Federal Reserve Chair Jerome Powell will testify to the Senate on July 9 and to the House of Representatives on July 10.
    • Wholesale inventories data will be available on July 10.
  • Accuracy
    • Investors will closely watch the release of June’s Consumer Price Index (CPI) on Thursday as they build a case that the Federal Reserve could be set to cut interest rates in September.
    • America’s largest financial institutions, including JPMorgan (JPM), Wells Fargo (WFC), and Citi (C), will kick off second quarter earnings season on Friday morning.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication