Reported about 1 year ago
This week investors will focus on inflation data, Federal Reserve Chair Powell's testimonies, and the kickoff of second quarter earnings season for big banks like JPMorgan, Wells Fargo, and Citigroup. The release of June's Consumer Price Index will provide insight into potential interest rate cuts, as slowing job growth raises concerns. Expectations are for a steady rise in inflation rates. Analysts caution that beating high earnings growth expectations this season may not lead to significant stock market gains, with past performance suggesting a more modest market response.
Source: YAHOO