In a holiday-shortened week, investors will be watching comments from Federal Reserve representatives and data from several economic releases that could help show whether inflation is likely to continue its downward path.  Markets are closed on Wednesday for the Juneteenth national holida✨y. 

The housing market will come into better focus with the release of data on 澳洲幸运5官方开奖结果体彩网:existing home sales, housing starts, and homebuilder confidence, parallel with earnings reports from builders Lennar (LEN) and KB Home (KBH). 

Grocery store chain Kroger (KR) will also report this week as it continues to work toward approval of its merger with Albertsons (). 

Monday, June 17

• Empire State Manufacturing Survey
• Philadelphia Fed President Patrick Harker and Federal Reserve Gov. Lisa D. Cook deliver remarks
• La-Z-Boy (LZB) releases earnings

Tuesday, June 18

• Advance retail sales (May)
• Industrial production and capacity utilization (May)
• Business inventories (April)
• Lennar and KB Home report earnings
• Dallas Fed President Lorie K. Logan, Richmond Fed President Tom Barkin, Kansas City Fed President Alberto Musalem, and Chicago Fed President Austan Goolsbee deliver remarks

Wednesday, June 19

• Juneteenth National Independence Day holiday, market closed
• Housing market index (June)

Thursday, June 20

• Initial jobless claims (Week ending June 15)
• Housing starts (May)
• Accenture (ACN), Kroger, Darden Restaurants (DRI), and Jabil (JBL) report earnings
• Richmond Fed President Tom Barkin delivers remarks

Friday, June 21

• S&P Global flash composite U.S. PMI (June)
• Existing home sales (May)
• U.S. leading economic indicators (May)
• CarMax (KMX) reports earnings
  

Fed ꦫSpeakers Lead Week That Includes Retail Sales Data, PMI

Following the most recent interest rate decision, investors will hear from Federal Reserve officials throughout the week on the state of economic conditions, the progress on inflation, and the 澳洲幸运5官方开奖结果体彩网:path of interest rates.

Investors will be closely analyzing the Fed representatives' remarks on inflation reports released last week showing prices trending lower again, potentially putting the 澳洲幸运5官方开奖结果体彩网:Fed ﷽in a position to begin cutting interest rates. 

Federal Reserve Governor Lisa Cook, Philadelphia Federal Reserve Bank President Patrick Harker, Dallas Fed President Lorie K. Logan, Richmond Fed President Tom Barkin, Kansas City Fed President Alberto Musalem, and Chic🦂ago Fed President Austan Goolsbee are all on the speaking calendar this week. 

Housing Data, Builder Earnings Offer Look꧃ at Real Estate Sector

The housing market will come into clearer focus this week with the release of several economic indicators, including data on home builder confidence on Wednesday, housing starts on Thursday, and existing home sa♕les on Friday. 

Investors will also get a look at the strength of housing construction on Tuesday when home builders Lennar and KB Home report earnings. High mortgage rates have affected their sales, with 澳洲幸运5官方开奖结果体彩网:KB Home reporting declin💧ing s♋ales and profits earlier this year. 

Accenture, Kroger on Earnings Calendar

A few companies are scheduled to report quarterly financial results a꧒mid a light week o💙n the earnings calendar.

澳洲幸运5官方开奖结果体彩网:Consulting firm Accenture is set to report its earnings after it 澳洲幸运5官方开奖结果体彩网:lowered its guidance last quarter. The company continues to highlight its effort to integrate ar💮tificial intelligence (AI) into its productꦛs. 

Investors also will be watching the latest financial report from Kroger, which 澳洲幸运5官方开奖结果体彩网:posted strong results last quarter despite government regulators moving to restrict its proposed merger with Albertsons.  CarMax’s report on Friday will offer insight into the retail auto market in the U.S.