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Jan 20, 2026
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Global markets are continuing today to digest the impact of the latest U.S. inflation data, alongside the start of earnings season for major companies, led by U.S. banks. Inflation data remains a key focus for investors, as it is among the indicators closely monitored by the Federal Reserve when assessing the future path of monetary policy, alongside the Personal Consumption Expenditures (PCE) index, which is the Fed’s preferred inflation gauge. |
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At the same time, corporate earnings provide a direct test of the strength of the U.S. economy at the beginning of 2026, offering important insights into consumer demand, profit margins, and management outlooks for the months ahead.
This convergence of inflation and earnings comes at a sensitive moment for markets, as investors attempt to determine whether the next phase will bring greater stability and slowdown, or a return of volatility and shifting interest rate expectations.