Economic Calendar: Wall Street awaits US CPI report and speech by Kevin Warsh (14.07.2026)

Investor attention today is focused on the June U.S. CPI report, due at 1:30 PM GMT. Goldman Sachs forecasts suggest that the report may be interpreted as moderately dovish. The most important inflation component, housing costs, continues to slow, while the automotive sector has exerted mild disinflationary pressure. Oil prices have also fallen sharply from their recent peaks.

Only selected services, such as airfares and hotels, continue to show notable price pressure, but not enough to change the broader picture. Goldman Sachs believes that some of the recent favorable inflation data may have reflected seasonal effects, meaning that a single report would not yet confirm a lasting return of inflation to the Fed’s target.
GS expects headline CPI to rise by 3.8% year-over-year and core CPI by 2.8%. On the other hand, oil prices have rebounded by more than 20% from their recent low, which could lead investors to view even a favorable CPI report as partly outdated.

Macroeconomic data

11:00 AM GMT – United States: NFIB Small Business Optimism Index, forecast: 95.7, previous: 95.3.
1:15 PM GMT – United States: ADP weekly employment change, forecast: none, previous: 21,000.
1:30 PM GMT – United States: CPI inflation year-over-year, forecast: 3.8%, previous: 4.2%.
1:30 PM GMT – United States: CPI inflation month-over-month, forecast: -0.1%, previous: 0.5%.
1:30 PM GMT – United States: core CPI inflation year-over-year, forecast: 2.8%, previous: 2.9%.
1:30 PM GMT – United States: core CPI inflation month-over-month, forecast: 0.2%, previous: 0.2%.
1:55 PM GMT – United States: Redbook Index year-over-year, forecast: none, previous: 11.5%.

Corporate earnings

11:35 AM GMT – JPMorgan Chase: Q2 2026 earnings.
11:40 AM GMT – Wells Fargo: Q2 2026 earnings.
11:45 AM GMT – Bank of America: Q2 2026 earnings.
12:25 PM GMT – Goldman Sachs: Q2 2026 earnings.
1:00 PM GMT – Citigroup: Q2 2026 earnings.

Central bank speakers

3 PM GMT – Kevin Warsh, Federal Reserve Chair
3:30 PM GMT – Christopher Waller, Federal Reserve.
5:40 PM GMT – Austan Goolsbee, Federal Reserve.
6:30 PM GMT – Susan Collins, Federal Reserve.
7:55 PM GMT – Michelle Bowman, Federal Reserve.
9:00 PM GMT – Andrew Bailey, Bank of England.

Other events

9:00 PM GMT – Planned start of the U.S. naval blockade of Iran.

EUR/USD chart (D1 interval)

Oil prices have rebounded by more than 20% from their recent low near $70, supporting further declines in EUR/USD and strengthening the U.S. dollar. EUR/USD is trading below two key moving averages: the EMA200, shown by the red line, and the EMA50, shown by the orange line, signalling a medium-trend downtrend.

Source: xStation5

Corporate earnings calendar for the full week, July 13-17, 2026

Source: XTB Research

Source: Goldman Sachs

14 July 2026, 6:34 PM

Daily Summary: Lower inflation weakens the dollar and awakens gold and S&P 500 to gains

14 July 2026, 4:10 PM

Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key

14 July 2026, 4:03 PM

Bypassing Hormuz: Gulf States Race Against Time

14 July 2026, 3:17 PM

US Open: Nasdaq 100 gains 1% 🔼 Software stocks decline, JP Morgan rises after earnings

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