Central Bank Decisions, Earnings, and Inflation: A Week of Market Movers

The upcoming week promises to be one of the most eventful in recent history, with major central bank rate decisions and key economic indicators taking center stage. The US Federal Reserve is expected to raise interest rates for the first time this year, while the Bank of Japan (BoJ) may continue its gradual tightening cycle.

Meta Platforms is set to report its second-quarter earnings on Wednesday, with analysts predicting a 1.3% year-over-year growth in earnings and a 26.6% increase in revenue. However, some investors are cautious about the company's prospects, citing concerns over high capital expenditures and declining earnings per share.

The US personal consumption expenditure (PCE) inflation report for June is also highly anticipated, with economists expecting headline PCE to fall by 0.1% month-over-month and core PCE to rise 0.1%. A stronger-than-expected reading could lead to higher interest rates and a strengthening dollar.