Inflation Data and Bank Earnings: What to Watch Today
U.S. stock futures are little changed on Friday ahead of inflation data and quarterly results from banks that kick off the latest earnings season. Hopes that inflation is waning sufficiently to push the Federal Reserve to begin lowering borrowing costs remains a dominant theme in markets, putting the release of producer-price index (PPI) figures for December in focus in the day ahead. Traders are eagerly awaiting the earnings reports from BlackRock, Bank of America, J.P. Morgan Chase, Wells Fargo, and Citi, which will provide crucial insights into the economic outlook and the potential trajectory of interest rates. The performance of these banking giants will be closely monitored by investors, especially their guidance on economic growth and future interest rate policies.
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