Powell's Testimony and Inflation Data to Shape Market Expectations

Key economic indicators and earnings reports will provide insights into Fed's potential rate cut decisions.

Federal Reserve Chair Jerome Powell will testify before Congress on economic conditions and interest rates.
The Consumer Price Index (CPI) report will indicate if inflation continues to ease.
Big banks, including JPMorgan, Wells Fargo, and Citigroup, will kick off the second-quarter earnings season.
Investors are watching for signs that could solidify expectations for a Fed rate cut in September.
Earnings from companies like PepsiCo and Delta Air Lines will also be closely monitored for consumer trends.