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ON MONDAY
Atlanta Fed President Raphael Bostic will moderate a discussion at an event hosted by the Rotary Club of Atlanta (1230 ET/1730 GMT), while New York Fed President John Williams delivers a keynote at the C. Peter McColough Series on International Economics organized by the Council on Foreign Relations. (1800 ET/2300 GMT) Richmond Fed President Tom Barkin will also speak at the North Carolina Bankers Association Economic Forecast Forum. (1245 ET/1745 GMT)
REST OF THE WEEK
Major banks are set to open the fourth-quarter earnings season in the coming week, with strong profit growth this year emerging as a crucial source of optimism for investors.
JPMorgan Chase is expected to kick off the fourth-quarter earnings season for U.S. banks on Tuesday, with analysts forecasting higher profit on a rebound in dealmaking and strong trading results. Investors will be focused on Chief Executive Jamie Dimon's assessment of the health of the U.S. economy and his outlook for investment banking, initial public offerings and consumer spending in 2026.Goldman Sachs is expected to report a slight decline in profit when it reports its fourth-quarter results on Thursday. Investors will be looking out for commentary on the M&A market going into 2026, as well as commentary on expenses.Wells Fargo is expected to report a higher Q4 profit on Wednesday. Investors will watch out for the management's commentary on the U.S. economy and the 2026 outlook.Morgan Stanley is expected to report a higher fourth-quarter profit on Thursday as its bankers reaped in higher fees amid a dealmaking boom during the quarter. PNC Financial is expected to report a jump in Q4 profit on the back of higher interest income and fee income strength on Friday. Wall Street will watch out for the bank's 2026 forecast.The U.S. economic calendar is highlighted by key inflation, housing, and retail data this week. The Department of Labor is set to release the December Consumer Price Index on Tuesday, with headline inflation expected to rise 0.3% month-on-month, unchanged from the prior reading, while the annual rate is seen holding steady at 2.7%. Core CPI is forecast to increase 0.3% on the month, accelerating from a 0.2% rise previously, with the year-on-year measure edging up to 2.7% from 2.6%. Also on Tuesday, the Census Bureau's New Home Sales report for October is expected. On Wednesday, the Producer Price Index for final demand is projected to rise 0.3% in November, matching the previous month, with the annual increase holding at 2.7%; excluding food and energy, the PPI is seen up 0.2%. Retail sales for November are also expected to grow 0.4%, following a flat reading in October, while Existing Home Sales for December are forecast at 4.20 million units, up from 4.13 million previously. On Thursday, import and export price data for November are in schedule for release, along with weekly jobless claims. Furthermore, the Fed will likely publish its Beige Book on Wednesday.A series of Federal Reserve officials are scheduled to speak this week, offering potential insights into the economic outlook and policy direction. On Tuesday, Richmond Fed President Tom Barkin is set to address the CFO Society in Washington, D.C., while St. Louis Fed President Alberto Musalem speaks before an MNI Webcast on the U.S. economic outlook and key policy changes. Wednesday’s schedule includes Minneapolis Fed President Neel Kashkari participating in a virtual town hall hosted by the Wisconsin Bankers Association, New York Fed President John Williams giving opening remarks at “An Economy That Works for All: Financial Inclusion,” and Philadelphia Fed President Anna Paulson speaking at the Chamber of Commerce for Greater Philadelphia State of the Economy event. Finally, on Thursday, Barkin will speak at the Virginia Bankers Association/Virginia Chamber Financial Forecast, rounding out a week of potential commentary on growth, inflation, and market conditions.In Canada on Thursday, the annualized Housing Starts for December, along with November’s Manufacturing Sales and Wholesale Trade data, are scheduled for release.In Latin America, Argentina is set to release its December Consumer Price Index, both monthly and annualized, on Tuesday, while Brazil’s November Retail Sales figures are scheduled for release on Thursday.
(Compiled by Mohammed Nihaal TS; Edited by Vijay Kishore)
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