Home Depot, Adobe, Oracle, the Fed, Inflation, and More to Watch This Week
It's a big week on the economic data and policy fronts. Investors will contend with major inflation data and central bank meetings, plus other economic and earnings releases.The Federal Reserve's monetary-policy committee will announce a decision on Wednesday. Futures markets are overwhelmingly pricing in a pause in interest rate hikes. The European Central Bank is widely expected to raise its target interest rate by a quarter of a percentage point on Thursday.The Bureau of Labor Statistics will report the consumer price index for May on Tuesday, followed by the producer equivalent on Wednesday. The consensus estimates are for increases of 4.2% and 1.5%, respectively.Other economic data out this week will include the National Federation of Independent Business' Small Business Optimism Index for May on Tuesday, the Census Bureau's retail sales data for May on Thursday, and the University of Michigan's consumer sentiment index for June on Friday.Earnings reports will come from Oracle on