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CPI data, Fedspeak, Cisco earnings: What to Watch

Josh Lipton and Julie Hyman

As the trading day draws to a close, here are the key events to watch tomorrow, May 15, on Yahoo Finance tomorrow:

The highly anticipated Consumer Price Index (CPI) print will be released, providing markets with a comprehensive look into the ongoing battle against inflation.

Minneapolis Federal Reserve President Neel Kashkari and Fed Governor Michelle Bowman are scheduled to deliver remarks, shedding light on the central bank's outlook on inflation and the potential for rate cuts.

A slew of companies are set to report their quarterly earnings, including tech giant Cisco (CSCO), ride-hailing and delivery platform Grab Holdings (GRAB), and canned goods company Dole (DOLE).

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For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Angel Smith

Video transcript

Time now for to watch Wednesday, May 15th.

Starting off on the economy.

The latest consumer price index data is coming out tomorrow morning.

The economy is forecast in the April report to rise 4/10 of a percent for March and 3.4% year over year is coming after another higher than expected inflation print today, producer prices rising more than expected.

We streak of sticky inflation readings as investors pushing back expectations now of a rate cut to September and moving over to the Federal Reserve.

Speaking of which will be getting another round of fed commentary tomorrow from Minneapolis fed President Neil Kashkari and fed Governor Michelle Bowman, fed chair Jay Powell speaking today, he reiterated that he expects inflation to fall but is not as confident about it as he was in the past.

And finally, we're going to get a few more earnings tomorrow including Cisco company report and third quarter earnings after the close analysts expecting Cisco to get a boost in sales from its acquisition of the software company Splunk back in March but also anticipating demand in its core networking businesses to remain weak.