As we head into the new week, key themes demand attention, particularly inflation data, earnings reports, and global oil market dynamics.

**U.S. CPI Data Release (Wednesday)**: The anticipated December CPI is expected to unveil a 2.9% increase year-over-year. This uptick keeps inflation above the Federal Reserve’s 2% target. Expectations of a rate cut from the Fed have been pushed to June 2025 following strong employment readings. Fed meeting minutes will also shed light on inflationary pressures influenced by external factors.

**Earnings Season on the Horizon**: Major banks will kick off earnings season on Wednesday, with reports from JPMorgan, Wells Fargo, Citigroup, and Goldman Sachs. This earnings announcement could set the tone for market performance, with expectations for robust performance driven in part by favorable trading conditions.

**China’s Economic Update**: Important economic metrics from China will be in focus, particularly GDP data expected to confirm a 5% growth rate for 2024. Economic growth initiatives will be under the microscope due to the changing relations with the U.S.

All investors should seek to stay informed of these essential developments that may significantly impact market performance in the near term.