Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears. Earnings could be a main driver of stocks in the week ahead, after a roller-coaster ride on changing sentiment about how much the Federal Reserve will raise interest rates.

Hot inflation data initially sparked speculation the Fed could raise interest rates by a full percentage point. By the end of the week, strong data and comments from Fed officials quashed those expectations.

In the week ahead, investors are looking to housing data and expect earnings from a broad swath of companies to steer stocks.

Strategists have been expecting the second-quarter earnings season to contain disappointments and downward revisions, as companies deal with inflation, supply chain issues, staff shortages — and now a slower economy.