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Fed's Warsh Faces Congress: Inflation and Rates in Focus
14 Jul
Summary
- Fed Chair Kevin Warsh delivers crucial testimony on July 14-15.
- Major banks like JPMorgan and Bank of America report earnings this week.
- June CPI and PPI data releases will shape inflation expectations.
Federal Reserve Chair Kevin Warsh is set to deliver his first semi-annual monetary policy testimony to Congress on July 14 and 15. This pivotal event will offer the market crucial insights into the new leadership's perspective on economic conditions and inflation.
The testimony's timing is critical, as it precedes and coincides with the release of June CPI data on Tuesday and PPI data on Wednesday. These inflation figures, combined with Warsh's remarks, will shape expectations for the Fed's policy path through the remainder of 2026.
This week is also dominated by major bank earnings, with reports from JPMorgan, Bank of America, Wells Fargo, Goldman Sachs, and Citigroup due Tuesday. Technology sector earnings from Netflix, Taiwan Semiconductor, and ASML will test demand for AI infrastructure. Healthcare stocks, like UnitedHealth and Johnson & Johnson, continue to show relative strength as investors rotate away from technology.
