On April 14, Wells Fargo, JPMorgan Chase and Citigroup will all release their financial reports before the U.S. stock market opens on the 14th.
The data are expected to provide some indication of how much credit conditions have tightened due to the banking turmoil in mid-March.
As the second half of the year approaches and unfolds, credit tightening is likely to intensify. The FOMC is expected to raise rates again in May.
The timing of the rate hike affecting economic data is unknown. While inflation appears to be subsiding, the job market remains firm.
Stock market bulls expect the Federal Reserve to end its rate hikes, which has already pushed U.S. stock indexes higher, and tonight’s bank report is likely to add fuel to the fire.