KEY WEEK AHEAD: Earnings season kicks off + CPI data that could decide the Fed's next move
10Y Treasury at 5.24% (near 24-year highs). Fed meets Oct 28. Every data point matters now.
What to watch:
TUESDAY: Q3 earnings start
- Big banks report: JPMorgan, Goldman, Citi, Wells Fargo
- Wed: BofA, Morgan Stanley, BlackRock
- OPEC monthly report drops (more oil supply = lower inflation pressure)
WEDNESDAY: Sept CPI
- Headline expected to jump from 3.4% to 3.7%
- CORE CPI (ex-food/energy) is the real signal — consensus 2.5%
- If core stays cool, it confirms inflation spike is just oil, not demand. That kills the case for another hike = bullish for risk assets
THURSDAY: PPI + Warsh speaks
- PPI = what companies pay for inputs. Leading indicator for consumer prices
- Warsh's first comments since Trump said he shouldn't have voted for the last hike. Any hint on October = market mover
Controlled core inflation + solid earnings = best setup for $BTC and risk-on
Which data point moves markets most this week?
10Y Treasury at 5.24% (near 24-year highs). Fed meets Oct 28. Every data point matters now.
What to watch:
TUESDAY: Q3 earnings start
- Big banks report: JPMorgan, Goldman, Citi, Wells Fargo
- Wed: BofA, Morgan Stanley, BlackRock
- OPEC monthly report drops (more oil supply = lower inflation pressure)
WEDNESDAY: Sept CPI
- Headline expected to jump from 3.4% to 3.7%
- CORE CPI (ex-food/energy) is the real signal — consensus 2.5%
- If core stays cool, it confirms inflation spike is just oil, not demand. That kills the case for another hike = bullish for risk assets
THURSDAY: PPI + Warsh speaks
- PPI = what companies pay for inputs. Leading indicator for consumer prices
- Warsh's first comments since Trump said he shouldn't have voted for the last hike. Any hint on October = market mover
Controlled core inflation + solid earnings = best setup for $BTC and risk-on
Which data point moves markets most this week?