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Inflation, Housing, Jobs and Corporate Earnings Will Dominate the Business Calendar This Week
Investors will watch inflation, trade and labor data as Bank of Canada minutes and earnings from Berkshire Hathaway, Cisco and others hit the calendar.
On Tuesday, the U.S. will release the consumer price index for October, with economists projecting inflation rose to 3.9% from 3.7% in September.
Inflation has exceeded 3% since March following the U.S. war with Iran and surging energy prices. President Donald Trump's unpredictable tariff conflicts have further exacerbated costs for households and businesses.
The National Association of Realtors will release existing home sales data on Thursday, with sales remaining near a 4-million annual pace hindered by high prices and 30-year mortgage rates.
Weekly unemployment claims remain at historically low levels, demonstrating job market resilience. However, economists warn that finding new employment is becoming increasingly difficult as the economy shows stress.
Corporate earnings reports continue next week, including Cisco Systems Inc. and Applied Materials Inc. Disclosures will offer insights into data centers and Hollywood sectors.