Inflation data will also be in focus
Rate hikes and corporate earnings will be in focus next week. In addition to a handful of speeches from Federal Reserve officials, traders will also be eyeing a pair of inflation updates for signs the central bank could be ready to raise its key benchmark rate again. Plus, a number of big banks -- including JPMorgan Chase & Co. (NYSE:JPM) and Citigroup Inc (NYSE:C) -- are set to step into the earnings confessional on Friday, unofficially marking the start to second-quarter earnings season.
Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
Minneapolis Fed President Neel Kashkari is scheduled to speak on Monday, July 9. There are no notable earnings set for release.
The Labor Department's Job Openings and Turnover Survey (JOLTS) is due out on Tuesday, July 10. PepsiCo (PEP) will report earnings.
The producer price index (PPI) and weekly crude inventories are on the docket for Wednesday, July 11. New York Fed President John Williams will speak after the close. Earnings from AngioDynamics (ANGO), Delta Air Lines (DAL), and Fastenal (FAST) will tell all in the earnings confessional.
Thursday, July 12, brings the consumer price index (CPI), weekly jobless claims, and the Treasury budget. Traders may react to an afternoon speech from Boston Fed President Patrick Harker, while Kashkari is slated to speak after the market closes. The earnings calendar is bare.
Import and export prices, the University of Michigan's consumer sentiment survey, and the Baker-Hughes rig count will hit on Friday, July 13. Atlanta Fed President Raphael Bostic is expected to speak. Big banks dominate the earnings spotlight, with JPMorgan Chase (JPM), Citigroup (C), PNC Financial (PNC), and Wells Fargo (WFC) set to report.