Key Takeaways
- Tariffs revealed by President Donald Trump last week are scheduled to take effect Wednesday, with markets looking set to extend a wild run since the announcement.
- China announced a 34% retaliatory tariff on all goods imported from the U.S. expected to start on Thursday.
- The March Consumer Price Index is expected on Thursday, the next piece of key inflation data.
- Big Banks lead off first-quarter earnings, with JPMorgan Chase, Wells Fargo, and BlackRock all scheduled for Friday and Delta Air Lines and CarMax set to come earlier in the week.
- Fed meeting minutes, consumer sentiment, wholesale inventories, and consumer credit data are also expected this week.
March inflation data and Big Bank earnings are among the major items on this week’s economic calendar as investors look for signals about what's next for markets following a chaotic end to last week.
Friday ended a two-day run that will end up in the history books, the major US indexes logging their biggest weekly declines since the start of the Covid pandemic. Investors are now seeking clues for what might be next on prices and economic health following 澳洲幸运5开奖号码历史查询:Preside🌠nt Donald Trump's tꦯariff announcement, which is expected to take effect Wednesday. China announced 澳洲幸运5开奖号码历史查询:34% retaliatory tariffs that are scheduled to begin on Thursday.
Investopedia's live coverage of Monday's trading 澳洲幸运5开奖号码历史查询:can be read here.
What else is on tap? Friday earnings reports from JPMorgan Chase (JPM), Wells Fargo (WFC), and BlackRock (BLK) are among the financial institutions on the calendar. Delta Air Lines (DAL) and CarMax (KMX) also are&🦋nbsp;scheduled to deliver earnings earlier🍎 in the week.
Federal Reserve meeting minutes are expected to provide insight into economic conditions and the path♓ of interest rates. Data on consumer sentiment and credit levels will be closely watched amid uncertainty over inflation and tariffs.
Monday, April 7
- Consumer credit (February)
- Levi Strauss (LEVI), Greenbrier (GBX), and Dave & Buster’s (PLAY) are scheduled to report earnings
Tuesday, April 8
- NFIB optimism index (March)
- RPM International (RPM), Cal-Maine Foods (CALM), WD-40 (WDFC), Tilray Brands (TLRY), Mama’s Creations (MAMA), and Aehr Test Systems (AEHR) are scheduled to report earnings
Wednesday, April 9
- U.S. tariffs scheduled to take effect
- Wholesale inventories (February)
- March FOMC meeting minutes
- Constellation Brands (STZ), Delta Air Lines, and Simply Good Foods (SMPL) are scheduled to report earnings
Thursday, April 10
- Chinese tariffs scheduled to take effect
- Initial jobless claims (Week ending April 5)
- Consumer Price Index (March)
- Chicago Fed President Austan Goolsbee is scheduled to deliver remarks
- CarMax is scheduled to report earnings
Friday, April 11
- Producer Price Index (March)
- Consumer sentiment - preliminary (April)
- New York Fed President John Williams is scheduled to deliver remarks
- JP Morgan Chase, Wells Fargo, BlackRock, and Bank of New York Mellon (BK) are scheduled to report earnings
Inflation in Focus 🥀Following Tariꦚffs Announcement as Investors Look for Consumer Data, Fed Remarks
March inflation data will be in the spotlight as market participants keep an eye on prices in the wake of President Trump’s sprawling tariffs, which are expected to take effect on Wednesday, 澳洲幸运5开奖号码历史查询:reigniting recession fears.
Economists at Wells Fargo expected the Consumer Price Index to remain unchanged in March, with that data’s scheduled release for Thursday. The sideways movement comes as inflation has 澳洲幸运5开奖号码历史查询:edged lower recently, including a steeper-than-expected 澳洲幸运5开奖号码历史查询:decrease in February’s CPI reading.
Inflation has been a 澳洲幸运5开奖号码历史查询:key reason cited by Federal 🌃Reserve officia🙈ls for keeping interest rates at their current levels. Wednesday’s scheduled release of the minutes from the 澳洲幸运5开奖号码历史查询:Fed’s most recent March meeting will pro🍸vide more insight into how current economic conditions are affecting the way that central bankers view interest rate levels. Chicago Fed President Austan Goolsbee and New York Fed President John Williams are also scheduled to deliver remarks this week.
On Friday, the 澳洲幸运5开奖号码历史查询:Producer Price Index (PPI) for March will give investors more information about prices at the wholesale level, potentially feeding into consumer prices down the line. Investors are also expecting data on wholesale inventory levels on Wednesday.&nbs🍌p;
Another key inflation measurement will come in Friday’s scheduled release of consumer sentiment data, which will include 澳洲幸运5开奖号码历史查询:consumer price expectations that can have an influence on the direction of💜 inflation.
澳洲幸运5开奖号码历史查询:Consumer and business sentiment has also been closely watched after Trump’s tariffs policy has 澳洲幸运5开奖号码历史查询:raised worries over price increases and worsening economic conditions. Small business sentiment is expected to come on Tuesday as rဣecent surveys have shown that business owners are𒊎 also starting to sour on the economy.
Big Bank R༺eports Kick Off First-Quarter Earnings Season๊
Big Banks will lead off the latest earnings season with a slew of scheduled reports later this week, giving investors their first look at first-quarter earnings. Analysts will be watching to see if banks can continue to 澳洲幸运5开奖号码历史查询:drive growth in areas like investment bank﷽ing and net interest income.
JPMorgan Chase is expected to kick off a string of reports from financial firms with its earnings report Friday, coming after the 澳洲幸运5开奖号码历史查询:world’s largest bank by market capitalization delivered a 澳洲幸运5开奖号码历史查询:surprising jump in profits last quarter. JPMorgan grew its investment bankinဣg revenue while its net interest income also increased.
BlackRock’s announcement scheduled the same day comes after the firm posted a 澳洲幸🍨运5开奖号码历史查询:record quarter for assets under management. Investors likely will be listening for updates on Blackrock’s 澳洲幸运5开奖号码历史查询:$30 billion AI 🍒infrastructure funding project with Microsoft (MSFT), Nvidia (NVDA), Elon Musk’s xAI and other firms.
Wells Fargo’s scheduled Friday report comes as its net income topped analyst estimates but the bank 澳洲幸运5开奖号码历史查询:just missed its revenue target last quarter.
Before Friday’s financial services reports, Delta Air Lines’ scheduled report on Wednesday comes as the carrier has 澳洲幸运5开奖号码历史查询:lowered its projections for the quarter on weakening travel demand amid economic uncertainty. The lowered outlook came after Delta 澳洲幸运5开奖号码历史查询:reported a profitable prior quarter on stronger sales of premium offerings.
Levi Strauss has also warned that macroeconomic conditions 澳洲幸运5开奖号码历史查询:could hurt its 2025 sales, with the jeans mak♌ers’ quarterly report scheduled for Monday.
Egg seller Cal-Maine’s scheduled report on Tuesday comes amid interest in 澳洲幸运5开奖号码历史查询:prices for that food stock, becoming a symbol in the 澳洲幸运5开奖号码历史查询:battle against inflation and a 澳洲幸运5开奖号码历史查询:political talking point. But Cal-Maine has benefited from 澳洲幸运5开奖号码历史查询:increased demand for eggs amid a bird flu outbreak, posting 澳洲幸运5开奖号码历史查询:better-than-expected results in the previous quarter due in part to higher egg prices. ♍;
Other noteworthy reports this week include Rust🦄-Oleum maker RPM International on Tuesday, Corona beer brewer Constellation Brands ♑on Wednesday, and online car seller CarMax on Thursday.
This article was first published on April 6, 2025. It has been updated to add context and a link to Monday's live markets coverage.