Federal Reserve Chair Jerome Powell will deliver updates to Congress on economic conditions and interest rates this week, followed by Consumer P🐽rice 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 Eyeinꦕg Powe💃ll Testimony, CPI Inflation Data

Market watchers will focus on testimony from 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:projection of one cut this year.

Federal Re🎉serve Vice Chair 🅺Michael S. Barr, Federal Reserve Gov. Michelle Bowman and Atlanta Fed President Raphael Bostic will also speak this week.

The release of the 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:dropped to 3.3% in May. The 澳洲幸运5开奖号码历史查询:Producer Price Index (PPI),🌄 due Friday, will give a view of inflation at the wholesale level♍. 

Also on Friday, 澳洲幸运5开奖号码历史查询:sentiment survey data will show if consumers' views on the economy continue to decli🦋ne and whether they believe price pressures will ease. 

Big Bank Reports to Usher In Q2 Earnings

Ano𝓀ther round of earnings reports will kick off this week. Some of 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开奖号码历史查询: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开奖号码历史查询:$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 provide details on sales of industrial ꦛand cleaning products.  

PepsiCo’s (PEP) report on Thursday comes after its most recent financial update showed 🔴澳洲幸运5开奖号码历史查询:struggling sales in its Qu⛄aker Foods division. Delta Air Lines’ (DAL) earnings are due after it 澳🔴洲幸运5开奖号码历史查询:projec𒁏ted an increase of second-quarter revenue of 5% to 7% on strong travel demand.