PrintUS Equity Investors to Focus on Inflation, Q2 Earnings Amid Trump Administration's Tariff Talks With EU
BY MT Newswires | ECONOMIC | 07/14/25 06:09 AM EDT06:09 AM EDT, 07/14/2025 (MT Newswires) -- US equity investors will watch the June inflation data for signs of tariff pass-throughs alongside Q2 earnings from the big money center banks and the back-and-forth on punitive import duties hovering over Canada, the European Union and Mexico this week.
* The consumer price index is due Tuesday, and the producer price index on Wednesday. CPI translates into personal consumption expenditures, or PCE, which is the Fed's preferred inflation gauge, with different weights and methodologies. Several PPI components serve as inputs in the PCE.
* Other data due include retail sales for June and the University of Michigan's consumer sentiment for July, including the survey participants' expectations for one- and five-year inflation rates.
* The big money center banks will kick off the Q2 earnings season in right earnest on Tuesday, with JPMorgan Chase & Co.
* President Donald Trump said late Friday he plans to impose a 30% tariff on imports from the EU and Mexico, effective Aug. 1. The EU is, for now, holding off from retaliatory action. Last week, Trump also warned Canada of a 35% punitive import levy if a trade agreement is not reached with the US by the same deadline.
* Investors are weighing the potential for new US sanctions on Russia, as that'll likely impact oil prices. A bipartisan US bill to impose sanctions on Russia to push Moscow to peace negotiations with Ukraine has gained traction in Congress. However, the legislation still needs presidential support to pass.
* Investors will also watch the Trump administration's reported investigation of $2.5 billion in cost overruns tied to renovations at the Fed's Washington headquarters. Trump, who has criticized Fed Chair Jerome Powell for not heeding the president's call to cut interest rates and help lower the government's interest payments, has reportedly stated Powell should "resign immediately" if found to have lied.
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