Key earnings reports are expected this week, with several major banks and tech companies set to release their quarterly financial results. JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo will report earnings on Wednesday, while Taiwan Semiconductor Manufacturing Company and UnitedHealth Group will also release results. Additionally, Federal Reserve officials, including New York Fed President John Williams, Minneapolis Fed President Neel Kashkari, and Chicago Fed President Austan Goolsbee, will offer insights on monetary policy before the blackout period ahead of the late-January meeting.
Investors are watching closely for inflation figures, including the Consumer Price Index (CPI) report due out Wednesday. Economists expect to see if inflation remains “sticky” in December, with persistent price increases and a jump in grocery prices leading to an annual inflation rate of 2.7% in November’s CPI report.
Other key data releases include U.S. retail sales on Friday, housing starts scheduled for the same day, and industrial production and capacity utilization figures also due out on Friday. Market participants will have access to insights from Federal Reserve speakers throughout the week, providing additional context on monetary policy before the blackout period ahead of the late-January meeting.
Major banks reporting earnings this week include JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo, with UnitedHealth Group and Taiwan Semiconductor Manufacturing Company also expected to release results. Investors will be focused on these reports as they provide insight into the financial health of some of the world’s largest companies.
Source: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8771925