Overview

• Federal Reserve Chair Jerome Powell will testify before Congress on economic conditions and interest rates.
• The Consumer Price Index (CPI) report will indicate if inflation continues to ease.
• Big banks, including JPMorgan, Wells Fargo, and Citigroup, will kick off the second-quarter earnings season.
• Investors are watching for signs that could solidify expectations for a Fed rate cut in September.
• Earnings from companies like PepsiCo and Delta Air Lines will also be closely monitored for consumer trends.