As inflation fears are getting a second wind, market watchers discouraged by the last consumer price index reading will be watching for an inflation gauge that is less well known than the CPI but preferred by those who actually set interest rates — the Federal Reserve. The core personal consumption expenditure price index, or core PCE, unlike CPI, excludes volatile food and energy prices to make underlying inflation easier to see, and it will be announced April 26.
Earnings season Marches on, with Invesco, T. Rowe Price and Federated Hermes on tap this week to talk first-quarter numbers.
Earnings
- Invesco and Artisan will announce earnings April 23.
- On April 25, AllianceBernstein and Federated Hermes will chat with analysts about their first quarters.
- T. Rowe Price will take its turn April 26.
Economy
- Projected manufacturing and services purchasing managers’ indexes for April will be released April 23.
- Data on new home sales in March will come out April 23.
- United Nations negotiations for an international legally binding treaty on plastic pollution will run April 23 through 29 in Canada. Investors are watching closely whether it supports private actions as well.
- On April 23, Jamie Dimon, chairman and CEO of J.P. Morgan Chase & Co., will discusses trends in global finance at the Economic Club of New York.
- Durable orders for March will be announced April 24, as will crude oil inventories.
- Projected first-quarter gross domestic product will be announced April 25 along with initial jobless claims.
- On April 26, the core PCE for March will come out.
Pension funds
- April 24 is the date of the quarterly meeting of New Jersey State Investment Council.
- The quarterly meeting of the New York State Teachers’ Retirement System governing board is slated for April 25.
Europe
- On April 23, the European Union will release projected manufacturing and services PMI data for April.
Asia
- The Bank of Japan will announce its interest rate decision April 25.
