US Markets Week Ahead: Inflation, Retail Sales, Home Sales, Earnings in Focus
The upcoming week will be filled with key economic indicators and corporate earnings that could influence market sentiment. The US economy's strength is being closely watched, particularly after weak July nonfarm payrolls data. Investors are awaiting inflation readings, housing-market figures, retail sales data, and consumer sentiment surveys for clues about the Federal Reserve's next monetary policy move.
Market expectations currently price in a 44% probability of a Federal Reserve rate hike in September, according to LSEG data. The July Consumer Price Index (CPI) will be released on Wednesday, followed by the Producer Price Index (PPI) on Thursday. Retail sales data for July is scheduled for release on Friday.
Corporate earnings reports from notable companies such as Applied Materials and Cisco are also expected to provide insights into business conditions and technology spending. The US Treasury will auction $58 billion of three-year notes, $42 billion of 10-year notes, and $25 billion of 30-year bonds throughout the week.