Bank earnings, CPI inflation, retail sales: What to know this holiday-shortened week

Bank earnings, CPI inflation, retail sales: What to know this holiday-shortened week

A flurry of big bank earnings and fresh inflation data out of Washington are expected to keep investors busy this holiday-shortened trading week. Market participants will also tune in Wednesday for a key economic report on March retail sales activity.

Despite a four-day trading session, with Wall Street closed for Good Friday, a pivotal week is underway for investors as mega-banks including JPMorgan Chase, (JPM), Goldman Sachs (GS), and Citigroup (C) get the ball rolling on Q1 earnings season. On the economic data front, markets will get the latest gauge of U.S. inflation with Tuesday’s closely-watched Consumer Price Index (CPI) and the Producer Price Index (PPI) set for publication Wednesday.

The Bureau of Labor Statistics’ (BLS) March read on CPI is expected to come in red hot again, with inflation unlikely to show any signs of abating as supply chain snarls continue to flare up prices, particularly with Russia’s war in Ukraine weighs on flows of global energy and commodities.