Fresh inflation figures and big banks' first-quarter earnings reports headline data for this week.

The Consumer Price Index (CPI) inflation data for March comes in on Wednesday, with Federal Reserve officials keeping a close eye on prices as they weigh future interest rate cuts. Several Fed officials will deliver remarks during the week. Market watchers will also be able to review 澳ꦅ洲幸运5官方开奖🌠结果体彩网:Federal Open Market Committee (FOMC) meeting minutes and the 澳洲幸运5官方开奖结果体彩网:Michigan consumer sentiment survey results this week. 

Earnings season for the 2024 first quarter will formally kick off this week when a group of the nation’s biggest banks report financial results, including JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C).

Monday, April 8

• PACS Group and 澳洲幸运5官方开奖结果体彩网:UL Solutions have 澳洲幸运5官方开奖结果体彩网:initial public offerings (IPOs) that could price this week
• Minneapolis Fed President Neel Kashkari delivers remarks

Tuesday, April 9

• NFIB small business optimism index (March)
• WD-40 (WDFC) and Tilray Brands (TLRY) report earnings

Wednesday, April 10

• Consumer Price Index (March)
• Wholesale inventories (March)
• March Federal Open Market Committee (FOMC) meeting minutes
• U.S. monthly federal budget (March)
• Chicago Fed President Austan Goolsbee delivers remarks
• Delta Air Lines (DAL) and Applied Digital (APLD) release earnings

Thursday, April 11

• Initial jobless claims (April 5)
• Producer Price Index (March)
• New York Fed President John C. Williams and Atlanta Fed President Raphael Bostic deliver remarks
• Constellation Brands (STZ), Fastenal (FAST), and CarMax (KMX) report earnings

Friday, April 12

• Michigan Consumer Sentiment Index (April preliminary)
• Atlanta Fed President Raphael Bostic and San Francisco Fed President Mary C. Daly deliver remarks 
• JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), Citigroup (C), State Street (STT), and Progressive (PGR) report earnings
  

Bank Reports Kick Off First-Quarter Earnings

Financial reports from the 2024 first quarter will begin to roll in this week, culminating Friday with a blitz of bank earnings spotlighting a sector that indicated some weakn♚ess at the end of 2023. 

Investors will be looking to JPMorgan Chase’s earnings Friday to see if the largest U.S. bank will continue to bring in high levels of net interest income after its report last quarter of a 澳洲幸运5官方开奖结果体彩网:19% jump to $24.1 billion. In its last earnings report, Wells Fargo projected that it could 澳洲幸运5官方开奖结果体彩网:report a drop in interest income in 2024, based on projections ofꦰ Federal Reserve rate cuts at some point this year.

BlackRock’s report comes after it announced it was expanding 🌳into the infrastructure sector through a $12.5 billion acquisition of Global Infrastructure Partners. Amid its 澳洲幸运5官方开奖结果体彩网:restructuring effort, Citigroup’s earnings will show whether it continues to struggle with expenses after it 澳洲幸运5官方开奖结果体彩网:reported a $1.8 billion loss in the prior quarter.  

On Wednesday, Delta Air Lines will report results for its March quarter, coming after analysts at Morgan Stanley recently named the carrier as 澳洲幸运5官方开奖结果体彩网:one of i꧂ts top stock picks for 2024ꦑ. Corona beer maker Constellation Brands reports on Thursday, while WD-40 and marijuana distributor Tilray Brands deliver earnings reports on Tuesday. 

Also this week, healthcare provider PACS Groups and 澳洲幸运5官方开奖结果体彩网:product testing firm UL Solutions are each expected to price 澳洲幸运5官方开奖结果体彩网:initial public offerings (IPOs).

CPI Reading To Show Latest Inflation Trends

After a couple of months of elevated readings, investors will be tuned in for the Wednesday release of the Consumer Price Index (CPI), giving economists their first look at 澳洲幸运5官方开奖结果体彩网:inflation in March. 

Higher gas and housing prices pushed the 澳洲幸运5官方开奖结果体彩网:CPI higher in February, and the wholesale-focused Producer Price Index (PPI) showed 澳洲幸运5官方开奖结🅺果体彩网:signals that prices could remain elev💝ated.  The Fed’s preferred measure of inflation, the Personal Consumption Expenditures index, 澳洲幸运5官方开奖结果体彩网:also ticked higher in February. Continued upward movement in inflation could make Federal Reserve officials 澳洲幸运5官方开奖结果体彩网:more hesitant to cut interest🧜 rates. 

Following the midweek CPI release, the Bureau of Labor Statistics will issue th🦋e March PPI report on Thursday, in which wholesale prices can give economists clues on where c🤡onsumer prices are headed. 

Als🌼o inflat൲ion-related, Friday’s Michigan Consumer Sentiment Index will show how households are viewing future price changes, which can help influence Fed action on interest rates.

Throughout the week, several Federal Reserve officials will deliver remarks, including Chicago Fed President Austan Goolsbee, Atlant🐼a Fed President Raphael Bostic, and San Francisco Fed𝔍 President Mary C. Daly. 

Investors will also be watching the Wednesday afternoon release of the FOMC meeting minutes, which will provide more insight into how Fed members are viewing the economy. On Tuesday, the National Federation of Independent Business (NFIB) will report results from its small business owner survey.