Breakfast on Wall Street: Next week

The main economic data release next week will be the September CPI report. Economists expect the core inflation rate to hold steady at +3.2% year-on-year and rise 0.3% month-on-month.

The general expectation is that the CPI print will not be weak or strong enough to affect the size of the next Fed tapering. Investors will also have to digest the producer price index report and the preliminary survey of consumers from the University of Michigan for October. As for the Federal Reserve’s calendar, the release of the FOMC minutes from the September meeting and a full slate of speeches by Federal Reserve members could provide clues as to what to expect at the November meeting.

Next week’s schedule of events is dominated by AI events for Nvidia (NVDA), AMD (AMD), and Hewlett Packard Enterprise (HPE). Q3 earnings season will also begin with Delta Air Lines ( DAL ), PepsiCo ( PEP ) and JPMorgan Chase ( JPM ) some of the big names due to report.

Developments in the Middle East will once again be of great interest to oil traders.

Earnings in focus: Monday, October 7 – Duckhorn Portfolio (NAPA). See the full earnings calendar.

Earnings in focus: Tuesday, October 8 – PepsiCo (PEP) and Accolade (ACCD). See the full earnings calendar.

Earnings in focus: Wednesday, October 9 – AZZ (AZZ), Applied Digital (APLD) and Helen of Troy (HELE). See the full earnings calendar.

Earnings in focus: Thursday, October 10 – Delta Air Lines (DAL) and Domino’s Pizza (DPZ). See the full earnings calendar.

Earnings in focus: Friday, October 11 – JPMorgan Chase (JPM), Wells Fargo (WFC) and BlackRock (BLK), Bank of New York Mellon (BK), Fastenal (FAST). See the full earnings calendar.