The Consumer Price Index (CPI) report and Jerome Powell’s testimony may provide cues on Fed’s monetary policy path
by Rajendra Saxena
Mint
Wall Street in the week ahead will see some key economic reports that could influence the stock markets.
Among the economic events, the major focus of investors will be on consumer inflation for June and Federal Reserve chair Jerome Powell’s testimony to the US Congress.
The Consumer Price Index (CPI) report and Powell’s testimony may provide cues on Fed’s monetary policy path.
The week ahead will also see the start of the second quarter earnings season. PepsiCo, Citigroup, JPMorgan Chase, Wells Fargo, and Delta Air Lines are the important ones to watch out for.