Rising inflation has been a concern for 澳洲幸运5官方开奖结果体彩网:Federal Reserve officials and investors alike, and the 澳洲幸运5官方开奖结果体彩网:Consumer Price Index (CPI) release this week will show whether price pressur🍸es are continuing to affect the economy.

Federal Reserve Chair Jerome Powell will make comments this week at an international conference, while se🌊veral other Fed officials will deliver remarks throughout the week. Fed officials have said repeatedly that they need to see clear evidence inflation is under control before the central bank will cut its benc🧸hmark interest rate.

Several retailers will attract market watchers’ attention this week, with Walmart (WMT), Home Depot (HD), and Chinese e-commerce firms JD.com (JD) and Alibaba Group (BABA) all set to report earnings. Cisco Systems (CSCO) and Sony Group (SONY) will also report this week.

Monday, May 13

• Federal Reserve Vice Chair Phillip Jefferson and Cleveland Fed President Loretta Mester deliver remarks
• Tencent Music Entertainment Group (TME) reports earnings

Tuesday, May 14

• NFIB small business optimism (April)
• Producer Price Index (April)
• Federal Reserve Chair Jerome Powell delivers remarks at an event in the Netherlands.
• Home Depot (HD), Alibaba Group (BABA) and Sony Group (SONY) report earnings

Wednesday, May 15

• Consumer Price Index (April)
• U.S. retail sales (April)
• Empire State manufacturing survey (May)
• Home builder confidence (May)
• Business inventories (March)
• Cisco Systems (CSCO) reports earnings
• Deadline for 13F filings, which will reveal the stock holdings as of the end of the first quarter for Warren Buffett, Dan Loeb and other major investors.

Thursday, May 16

• Initial jobless claims (Week ending May 11)
• Philadelphia Fed manufacturing survey (May)
• Housing starts (April)
• Building permits (April)
• Import price index (April)
• Industrial production (April)
• Capacity utilization (April) 
• Philadelphia Fed President Patrick Harker, Atlanta Fed President Raphael Bostic, and Cleveland Fed President Loretta Mester deliver remarks
• Walmart (WMT), Applied Materials (AMAT), JD.com (JD), Baidu (BIDU), Take-Two Interactive Software (TTWO), and Deere & Company (DE) report earnings

Friday, May 17

• U.S. leading economic indicators (April)

CPI Repor⛦t to Show if Inflation Path Remains ൲‘Bumpy’

Will inflation hit another “bump” in its path? Investors will find out this week whether the 澳洲幸运5官方开奖结果体彩网:Consumer Price Index release on Wednesda🤪y will show the extent ⛦of continued price pressures.

After a year of the inflation rate moving lower, 2024 has shown that prices were looking “sticky,” with inflation rates tilting back upward over the past few months. That includes the 澳洲幸运5官方开奖结果体彩网:3.5% annual CPI inflatioꦜn rate i🐼n March, which rose for the third straight month. Before that, the 澳洲幸运5官方开奖结果体彩网:Producer Price Index release on Tuesday will show price changes for 🥃wholesalers, which can be an indicator of upcoming price changes at the cons🌌umer level. 

The recent upturn in inflation rates has been 澳洲幸运5官方开奖结果体彩网:characterized as “bumpy” by some Federal Reserve officials, who have taken the jump in prices as a signal that 澳洲幸运5官方开奖结果体彩网:interest rates need to be held at their current 🎃decades-high levels. Another elevated inflaꦬtion reading could further dampen hopes for rate cuts.

Investors will also hear from several Fed officials this week, including 澳洲幸运5官方开奖结果体彩网:Chair Jerome Powell, who will speak to the Netherlands’ Foreign Bankers’ Association on Tuesday. Federal Reserve Vice Chair Phillip Jefferson, Cleveland Fed President Loretta Mester, Atlanta Fed President Raphael Bostic, and Philadelphia Fed 🅘President Patrick Harker are also on the calendar this week.

Walmart, Home Depot Lead Corporate Earnings 

Corporate earnings this week will center around reports from big retailers, while several notable ꦓforeign-owned companies will also issue their financial results.

Walmart leads the week’s corporate earnings calendar when it reports its first-quarter fiscal 2025 results on Thursday. The retail giant 澳洲幸运5官方开奖结果体彩网:projected stronger sales this year, aiming to grow income t♐♛hrough new lines of business. 

Also reporting this week is Home Depot, which 澳洲幸运5官方开💦奖结果体彩网:warned that ꦯits sales could decline this year, as customers defer large projects and big-ticket purchases in an e𒅌nvironment of still-high interest rates.

Another company that reports after releasing a 澳洲幸运5官方开奖结果体彩网:cautious outlook is Cisco, which in February issued softer-than-expected current-quarter guidance and unveiled plans to slash 5% of its global workforce.