Another hot inflation report and the start of earnings season make for a challenging week ahead - 09 iulie 2022
PepsiCo’s (US.PEP) earnings are the first major report of the week Tuesday, and Delta Air Lines (US.DAL) reports Wednesday. JPMorgan Chase (US.JPM) and Morgan Stanley (US.MS) kick off bank earnings season Thursday, and Wells Fargo (US.WFC), Citigroup (US.C) and PNC Financial, among others, follow on Friday. A cluster of inflation reports could affect markets, since they help set the tone for how aggressive the Federal Reserve will have to be in its battle to calm inflation. The June consumer price index looms large on Wednesday, and economists expect it could be hotter than May’s 8.6% year-over-year pace. It is also the report that could move markets most.