Inflation data is on tap this week, with the November Consumer Price Index (CPI) set for release on Wednesday, and reports on whole🐼sale infl🅰ation and import prices are also coming later in the week.

Investors also will get reports on small business optimism and init♌ial jobless claims. Federal Reserve officials are in the blackout period ahead of the December meeting.

Earnings reports are scheduled from popular meme stock GameStop (GME), as well as from Oracle (ORCL), Adobe (ADBE), Broadcom (AVGO), and Costco Wholesale (COST).

Monday, Dec. 9

• Wholesale inventories (October)
• Oracle, Toll Brothers (TOL), C3.ai (AI), and Casey's General Stores (CASY) report earnings

Tuesday, Dec. 10

• NFIB Small Business Optimism (November)
• U.S. productivity (revisions) (Q3)
• AutoZone (AZO), GameStop, and Dave & Buster’s Entertainment (PLAY) report earnings

Wednesday, Dec. 11

• Consumer Price Index (November)
• Monthly federal budget (November)
• Adobe and Nordson (NDSN) report earnings

Thursday, Dec. 12

• Initial jobless claims (Week ending Dec. 7)
• Producer Price Index (November)
• Broadcom and Costco Wholesale report earnings

Friday, Dec. 13

• Import/export price index (November)

Inflation Data Co🃏ming Ahead of December Fed Meeting

Market watchers will be focused on November inflation data this week that will be closely examined by the Federal Reserve ahead of﷽ an upcoming interest-rate decision.

The Wednesday release of November’s CPI follows an 澳洲幸运5开奖号码历史查询:uptick in October’s inflation rate to 2.6%. Other r🐽ecent inflation readings also have moved higher, keeping the rate of price increases above the Federal Reserve’s target level. 

Also coming this week is the 澳洲幸运5开奖号码历史查询:Producer Price Index (PPI) for November, which 𝄹will show how inflation is affecting wholesalers. And the import/export price index release on Friday provides a look at inflation in foreign trade. 

The inflation readings are among the last data that the Fed will get before its meeting next week, where officials will debate whether to again reduce the federal funds rate that influences other borrowing costs across the economy. While many investors believe that the Fed will make a cut at the meeting, some Fed officials have said they are 澳洲幸运5开奖号码历史查询:closely reviewing inflation data before making a decision on 澳洲幸运5开奖号码历史查询:whether to lower rates. Federal Reserve officials are in a blackout period this week, meaning they won’t make comments on 澳洲幸运5开奖号码历史查询:monetary policy.

Other economic indicators 🧸for release this week include October’s wholesale inventory data on Monday, small business optimism on Tuesday, and weekly initial jobless claims on Thursday.

Investors Watc🐠hing Earnings from Meme Stock GameStop, Chipmaker Broadcom

The Tuesday earnings report from original meme stock GameStop will be closely watched, especially after a 澳洲幸运5开奖号码历史查询:post from investor “Roaring Kitty” Ke📖ith Gill sent the stock soaring last week. The video game retailer 澳洲幸运5开奖号码历史查询:posted a surprise profit i🦋n its most recent earnings report, despite a dec🔯line in revenue.

On Monday, Oracle will report its earnings as analysts have recognized the 澳洲幸运5开奖号码历史查询:software giant’ꦜs opportunities for growth in the 澳洲幸运5开奖号码历史查询:cloud computing market. Semiconductor manufacturer Broadcom’s report on Thursday comes after the tech firm 澳洲幸运5开奖号码历史查询:posted a loss in its prior quarter that stemmed from its 2023 澳洲幸运5开奖号码历史查询:acquisition of software firm VMware.

Adobe’s report this week follows a 澳洲幸运5开奖号码历史查询:disappoಞinting quarterly revenue ouไtlook as investors are looking for the graphics software maker to capitalize on 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) advancements. 

Costco Wholesale reports its earnings after the retailer showed 澳洲幸运5开奖号码历史查询:slower sales growth in its prior quarter, though it 澳洲幸运5开奖号码历史查询:anticipates muted holiday sales this year due to the late timing of the  Thanksgiving holiday.