Major US Banks Prepare for Earnings Season
As the market gears up for a busy week of earnings reports, several major banks are set to release their quarterly results. JPMorgan Chase & Co., Citigroup, Wells Fargo, BlackRock, and Bank of New York Mellon are among those expected to share their financial performance.
On the economic data front, the Consumer Price Index (CPI) reading is scheduled for release, with economists expecting core CPI to remain steady at 0.3% while headline inflation rises to 0.4% for the month of December. This will provide further insights into the central bank’s monetary policy direction.
Several Federal Reserve officials are also scheduled to speak, including Richmond Fed President Tom Barkin, New York Fed President John Williams, and Chicago Fed President Austan Goolsbee. Their remarks will offer additional perspectives on the Fed’s plans for economic growth and inflation control.
Stay tuned for expert analysis and insights as market professionals navigate these key events.
Source: https://finance.yahoo.com/video/big-bank-earnings-december-cpi-000000696.html