Inflation data, retail earnings: What to watch next week

Economic data in the form of the Consumer Price Index for July will be released next week. Economists expect the overall index to rise 0.2% in July versus the -0.1% print in June.

A number of earnings reports will be released including: Home Depot (HD), Cisco (CSCO), Walmart (WMT), Deere & Co. (DE), Ross Stores (ROST), and more.

US retail sales numbers for July will also be released, with the expectation of an uptick of 0.4% in July versus the flat reading in June.

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Video transcript

Time now for what to watch next week.

Starting off on the economy.

A few critical pieces of economic data out next week including CP I numbers for July on Wednesday.

That's the consumer price index is forecasting both core CP I and overall CP I to take up to 0.2% is coming against the backdrop of the Federal Reserve under a microscope, microscope with investors looking for any new signs about the future rate cuts heading into September's interest rate decision and moving over to earnings.

We're going to be getting some more corporate earning reports from the likes of Wal Mart Cisco Home Depot and several others.

Walmart announcing second quarter results before the bell on Thursday.

Analysts are expecting top line growth in the second quarter and the company's investment in lower prices are to resonate with value seeking consumers as well.

And speaking of the consumer us retail sales numbers for July coming out on Thursday, that number expected to rise to 0.4% giving us more insight into the resiliency of consumer spending