Monday Market Must-Knows: January 16, 2023

This week, the Producer PriceIndex (PPI) numbers will be released on Wednesday at 8:30 am EST. Theexpectation is that it will come out at a negative 0.1, indicating a decline ininflation. 

The Fed has been aggressively raising rates to fight inflation, but ifinflation starts to drop, they may start to backpedal. 

Retail sales for November indicated a decline in sales during a period whenthey were expected to surge. The upcoming retail sales numbers for December areexpected to show further contraction, which may be a factor in easing inflationas it indicates a decrease in demand. 

Additionally, 134 companies will be reporting their earnings this week,including Goldman Sachs, Morgan Stanley, Charles Schwab, Netflix, and Proctor& Gamble.