Weekly Watchlist: Nike, Earnings, and Inflation

This week, investors will be focused on inflation data, two checks on consumer confidence, and earnings results from Nike, Carnival, Walgreens, and Rite Aid. The Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation indicator, will be released on Friday. Last week, Federal Reserve Chair Jay Powell hinted at more interest rate hikes in 2023, calling inflation "more persistent than we've expected." The earnings report from Nike will provide a clearer picture of the state of wholesale retail inventories after Foot Locker warned of troubles during its most recent quarterly earnings report.