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Federal ReserveYahoo Finance
•88% Informative
Investors will be closely watching the release of June 's Consumer Price Index (CPI) on Thursday .
The case builds that the Federal Reserve could be set to cut interest rates in September .
On Friday , the June jobs report showed the US economy added more jobs than expected.
The unemployment rate rose to 4.1% , its highest level since November 2021 .
On the corporate side, Friday morning will see some of America 's largest financial institutions, including JPMorgan , Wells Fargo , and Citi .
Consensus forecasts are for the S&P 500's earnings to grow 8.8% against the year prior in the second quarter .
This would mark the highest year-over-year earnings growth for the index since the first quarter of 2022 .
Goldman Sachs chief US equity strategist David Kostin : "We expect the magnitude of EPS beats to diminish".
VR Score
95
Informative language
98
Neutral language
48
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English
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