Federal Reserve Chair Jerome Powell will deliver his regularly scheduled testimony to Congress on Tuesday and Wednesday, while January inflation data is set to be released on Wednesday. The Consumer Price Index (CPI) release comes as price pressures have pointed higher in recent months, fueling concerns over inflation.
Investors are also awaiting corporate earnings reports from major companies such as McDonald’s, Coca-Cola, Shopify, Moderna, and Cisco. These releases will provide insight into the health of American consumer sentiment and the current economic environment. Additionally, U.S. retail sales data is scheduled for release on Friday, which will show whether consumers exceeded spending expectations in December.
The Fed’s interest rate stance remains a key focus, with Powell expected to address concerns over inflation. Market watchers are closely monitoring these updates as they have the potential to shape market expectations and influence future policy decisions.
Source: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8786864