Inflation data: The producer price index is out on Wednesday. The consumer price index is out on Thursday. The CPI certainly carries more weight as the Fed is more concerned with what consumers are paying than with the input costs of those goods. That said, high input costs can ultimately translate into higher selling prices as businesses look to protect profits. So it's important that we don't see a reading too much hotter than what economists are predicting for either one.
Banks' post-earnings calls should be viewed as important: they give investors the best look at business for the next quarter and in 2024. While we don't own JPMorgan Chase , we'll be curious to hear what CEO Jamie Dimon has to say on his own conference call, which will also take place on Friday along with several other financial institutions. Our other Club bank, Morgan Stanley , is set to report its quarter on Oct. 18.