What to Expect in Markets this Week: Inflation Data, Warsh Testimony in Congress, Bank Earnings

Market focus this week centers on inflation signals, a key Federal Reserve appearance, and major bank earnings that may affect how Americans feel about the cost of living. The U.S. June Consumer Price Index is due Tuesday, after May’s CPI rose 4.2% year over year, driven in part by a fuel-price spike. Fed Chair Kevin Warsh is scheduled to testify before Congress Tuesday, offering investors another read on whether inflation risks are easing. Bank of America reports second-quarter results Tuesday, followed by other large banks including JPMorgan Chase, Wells Fargo, Goldman Sachs, and Citigroup through the morning, with Morgan Stanley on Wednesday and U.S. Bancorp on Thursday. Recent sector performance has benefited from commercial and industrial lending growth and capital-market activity tied to AI.