Yuki Iwamura/Bloomberg via Getty Images
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Inflation reports due this week include the Consumer Price Index for November, as well as data on wholesale inventories and import prices.
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Investors will also receive reports on widespread inflation, small business optimism and initial unemployment claims, while Fed officials are in a blackout period that prohibits them from publicly commenting on monetary policy.
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Meme stock GameStop will report earnings this week, along with Oracle, Broadcom and Adobe.
Inflation data is available this week, with the November Consumer Price Index (CPI) due to be released on Wednesday. Reports on wholesale inflation and import prices will also be released later in the week.
Investors will also receive reports on small business optimism and early unemployment claims. Federal Reserve officials are in the blackout period ahead of the December meeting.
Earnings reports are scheduled from popular meme stock GameStop (GME), as well as from Oracle (ORCL), Adobe(ADBE), Broadcom (AVGO), and Costco Wholesale (COSTS).
Monday December 9
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Wholesale stocks (October)
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Oracle, Toll Brothers (TOLL), C3.ai (AI), and Casey’s General Stores (CASY) report income
Tuesday, December 10
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NFIB Optimism for Small Businesses (November)
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US Productivity (revisions) (Q3)
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AutoZone (AZO), GameStop and Dave & Buster’s Entertainment (PLAY) report income
Wednesday December 11th
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Consumer Price Index (November)
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Monthly federal budget (November)
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Adobe and Nordson (NDSN) report income
Thursday, December 12
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Initial unemployment claims (week ending December 7)
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Producer Price Index (November)
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Broadcom and Costco Wholesale report profits
Friday December 13th
Market watchers will be focused this week on November inflation data, which will be closely scrutinized by the Federal Reserve ahead of an upcoming interest rate decision.
The release of the November CPI on Wednesday follows a rise in inflation to 2.6% in October. Other recent inflation rates have also risen, keeping the rate of price increase above the Federal Reserve’s target level.
This week also sees the release of the Producer Price Index (PPI) for November, which will show how inflation is impacting wholesale. And Friday’s release of the Import/Export Price Index provides a picture of foreign trade inflation.
The inflation numbers are among the last data the Fed will get before its meeting next week, where officials will debate whether to again cut the federal funds rate, which affects other borrowing costs across the economy. While many investors believe the Fed will cut spending at the meeting, some Fed officials have said they are closely watching inflation data before making a decision on whether to cut rates. Federal Reserve officials are in a blackout period this week, meaning they will not comment on monetary policy.
