Federal Reserve Chair Jerome Powell will deliver🅰 updates to Congress on economic conditions and interest rates this week, followed by Consumer Price Index (CPI) and wholesale inflation data readings later in the week. Market watchers will also get consumer sentiment data for July. 

Second-quarter earnings reports are also set to begin arriving, with JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) leading Big Bank reports. PepsiCo (PEP) and Delta Air Lines (DAL) are among other corporations set to release their latest updates.

Monday, July 8

• Consumer credit (May)

Tuesday, July 9

• NFIB small business optimism (June)
• Federal Reserve Chair Jerome Powell testifies to the Senate
• Federal Reserve Vice Chair Michael S. Barr and Federal Reserve Gov. Michelle Bowman deliver remarks
• Helen of Troy (HELE) reports earnings

Wednesday, July 10

• Wholesale inventories (May)
• Federal Reserve Chair Jerome Powell testifies to the House of Representatives
• WD-40 (WDFC) reports earnings

Thursday, July 11

• Initial jobless claims (Week ending June 29)
• Consumer Price Index (CPI) (June)
• U.S. Treasury statement (June) 
• Atlanta Fed President Raphael Bostic delivers remarks
• PepsiCo (PEP), Conagra (CAG) and Delta Air Lines (DAL) report earnings

Friday, July 12

• Producer Price Index (June)
• Consumer sentiment - preliminary (July)
• JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), Bank of New York Mellon (BK), Fastenal Co. (FAST) and Ericsson (ERIC) report earnings 

Investors E🐻yeing Powell Testimony,🗹 CPI Inflation Data

Market watchers will focus on testimony from 澳洲幸运5官方开奖结果体彩ღ网:Federal Reserve Chair Jerome Powell, who is scheduled to address the Senate Banking Committee on Tuesday and the House Financial Services Committee on Wednesday. Lawmakers will likely ask about current economic conditions, including the Federal Reserve’s timetable on interest rate cuts after its recent 澳洲幸运5官方开奖结果体彩网:projection of one cut this year.

Federal Reserve Vice Chair Michael S. Barr, Federal Reserve Gov. Miche🐷lle Bowman an😼d Atlanta Fed President Raphael Bostic will also speak this week.

The release of the 澳洲幸运5官方开奖结果体彩网:Consumer Price Index (CPI) on Thursday will help show if the rate of inflation continued to move lower in June after it 澳洲幸运5官方开奖结果体彩网:dropped to 3.3% in May. The 澳洲幸运5官方开奖结果体彩网:Producer Price Index (PPI), due Fri⛎day, will give a view of inflation at the wholesale leve𓄧l. 

Also on Friday, 澳洲幸运5官方开奖结果体彩网:sentiment survey data will show if consumers' views on the economওy continue to decline and whether they believe price pressureไs will ease. 

Big Bank Reports to Usher In Q2 Earnings

Another round of earnings rep🌌orts will kick off this week. Some o♕f the nation’s biggest banks deliver financial results to end the week, while other corporate earnings will provide insight into the health of the U.S. consumer. 

JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup's (C) second-quarter earnings, due Friday, come after they all beat consensus earnings projections last quarter, but reported a 澳洲幸运5官方开奖结果体彩网:drop in net interest income from the previous quarter. Bank of New York Mellon (BK) will report after it announced a 澳洲幸运5官方开奖结果体彩网:$6 billion stock buyback plan in its most-recent quarterly report. 

On Tuesday, the report from Helen of Troy (HELE) will shine a light on how consumers are responding to beauty and wellness brands like Revlon, Braun and Vicks, while WD-40 (WDFC) financials will prov☂ide details on sales of industrial and cleaning products.  

PepsiCo’s (PEP) report on Thursday comes after its most recent financial update showed 澳洲幸运5官方开奖结果体💙彩网:struggling sales i🤪n its Quaker Foods division. Delta Air Lines’ (DAL) earnings are due after it 澳洲幸运5官方开奖结💦果体彩网:projected an increase of second-quarter revenue of 5% to 7% on strong travel demand.