All Eyes on Fed Decision Next Week
The Fed's latest interest rate decision is due out on Wednesday
It's looking like a relatively quiet week, as far as earnings and economic data go. With earnings season in the rear-view, a few names are still trickling down with quarterly reports, including Stitch Fix (SFIX) and Lululemon Athletica (LULU), as well as jewelry staples Signet Jewelers (SIG) and Tiffany & Co (TIF). Investors will sift through data on job openings, as well as the core consumer price index (CPI), and the producer price index (PPI). Wednesday's Federal Open Market Committee's (FOMC) economic projections and latest interest rate decision will be the thing to watch in the coming week, with a press conference from Fed Chair Jerome Powell to follow.
Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.
It will be a quiet start to the week on Monday, June 8, with Stitch Fix set to report earnings.
Things will start to pick up on Tuesday, June 9 with Chewy (CHWY) and Signet Jewelers posting quarterly reports. Investors will keep a close eye on the Job Openings and Labor Turnover Survey (JOLTS), as well as wholesale inventories data and the NFIB small business optimism index.
Wednesday, June 10 will bring out earnings reports from Guess? (GES), Red Robin Gourmet (RRGB), and Tiffany & Co. The Fed's latest interest rate decision is due out, and a press conference with Fed Chair Jerome Powell will follow. The core consumer price index, and the Federal budget balance for May are also slated for release.
Earnings reports from Adobe (ADBE) and Lululemon Athletica are on tap for Thursday, June 11. Wall Street will also be on the lookout for initial jobless claims, and the producer price index.
The economic calendar on Friday, June 12 will feature import and export price data and the University of Michigan's consumer sentiment index.