Inflation will take center stage in a holiday-shortened week with the Friday release of the Peဣrsonal Consumption Expenditures (PCE) index, showing whether price pressures continued♐ to cool in April. Markets are closed on Monday for the Memorial Day holiday.

Investors will be eyeing tech earnings this week, with Salesforce (CRM) and Dell (DELL) likely to grab attention. Retail will also be in the spotlight as Costco (COST) and Dollar General (DG) are 𝔍among the companies in that sector to report this week. 

Housing market data and 澳洲幸运5官方开奖结果体彩网:consumer confidence are also on tap, and it's the last week of comments alloಌwed from Federal Reserve officials before the blackout period ahea🍰d of their next meeting.

Monday, May 27

• Memorial Day holiday

Tuesday, May 28

• S&P Case-Shiller Home Price Index (March)
• Consumer Confidence (May)
• Cleveland Fed President Loretta Mester and Minneapolis Fed President Neel Kashkari deliver remarks
• Scotiabank (BNS) and Cava Group (CAVA) report earnings

Wednesday, May 29

• Federal Reserve Beige Book release
• New York Fed President John C. Williams delivers remarks
• Salesforce, BMO Financial Group (BMO), Agilent Technologies (A), HP (HPQ), Dick’s Sporting Goods (DKS), Abercrombie & Fitch (ANF), and Chewy (CHWY) report earnings

Thursday, May 30

• Initial jobless claims (Week ending May 25)
• Gross Domestic Product (GDP) - first revision (Q1)
• Pending Home Sales (April) 
• New York Fed President John C. Williams delivers remarks
• Costco Wholesale, Royal Bank of Canada (RY), Dell Technologies, Marvell Technology (MRVL), and Dollar General report earnings

Friday, May 31

• Personal Consumption Expenditures (PCE) Index (April)
• Chicago Business Barometer (May)
• Final day before Federal Reserve blackout period
• BRP (DOOO) reports earnings

Inflation 🍸in Focus as Markets Watc💛hers Eye Interest Rates

Investors will be closely watching the Friday release of the 澳洲幸运5官方开奖结果体彩网:PCE index to see whether inflation is working its way toward the꧅ Federal Reserve's annual goal of 2%.

Fed officials have said they want to see more progress on inflation before they can move to cut interest rates from their 澳洲幸运5官方开奖结果体彩网:current elevated levels and got some 澳洲幸运5官方开奖结果体彩网:good news in the April reading of the Consumer Price Index (CPI). Both indexes measure inflation, however, PCE is more closely followed by the Federal Reserv💦e, as its year-over-year tracking of price increases is the measurement used to measure inflation against its target rate of 2%.

So far this year, the PCE has edged upward, coming in at 2.7% in March.

澳洲幸运5官方开奖结果体彩网:Markets have moved on interest ra🌸te signals and another positive inflation reading for April could have investors believing Fed officials may begin to talk about cutting rates again. But if PCE shows another increase in price pressures, investors should expect more 澳洲幸运5官方开奖结果体彩网:“higher for longer” sentiments from officials. 

It’s not the only potenti෴ally market-m♌oving data release or event this week. 

A handful of Federal Reserve speakers are on the calendar, with Friday being the last day before the blackout period around Federal Open Market Committee (FOMC🔥) meetings. Market watchers will also be following revisions to U.S. gross domestic product (GDP) for the 2024 first quarter, with data on consumer confidence and the housing mark🐈et also liಌkely to attract attention.

Salesforce, Costco Feature in We🐎ek of Tech, Ret🐭ail Earnings

Corporate earnings reports will be in the spotlight again, with market watchers likely to focus their at💮tention on financial updates from several big tech, retail, and financial firms.

Salesforce, fresh off an 澳洲幸运5官方开奖结果体彩网:earnings beat in its prior quarter, will report on Wednesday, coming as the company is in talks to acquire data management software pr𝔉ovider Informatica (INFA). Earnings from Dell will show if the computer maker can 澳洲幸运5官方开奖结果体彩网:continue to benefit from demand for artificial intelligence (AI), while HP is looking to show it can use the same AI demand to澳洲幸运5官方开奖结果体彩网: turn around sluggish sales. 

A string of retailers will report this week, highlighted by Costco Wholesale, which reports after its 澳洲幸运5官方开奖结果体彩网:revenue growth last quarter disappointed 𒅌some investors. Dollar General, Dick’s Sporting Goods, Abercrombie & Fitch, and Chewy will also issue quarterly financial results this week.

Investors will be able to get a look at the banking system north of the border, with Royal Bank of Canada and Scotiabank among the Canadian financial institutions scheduled to report this week. Other noteworthy earnings this week include 澳洲幸运5官方开奖结果体彩网:restaurant chain Cava and personal watercraft maker BRP.