The Federal Reserve held interest rates regular final week. Now, Fed Chair Jerome Powell will clarify the central financial institution’s views on the financial system to legislators when he delivers his usually scheduled testimony to Congress this week.

Central bankers have stood pat as they’re involved inflation will reignite within the wake of tariffs. The Personal Consumption Expenditures (PCE) for Could ought to inform them extra when it is launched later within the week. Traders may even be waiting for updates on first-quarter gross domestic product (GDP), housing market knowledge, and the newest developments in client confidence. 

Earnings from shoe retailer Nike  (NKE), bundle supply service FedEx (FDX), and chipmaker Micron Expertise (MU) come as firms proceed to evaluate the impression that tariffs may have on their operations. And Tesla’s anticipated rollout of its self-driving robotaxi is prone to be on buyers’ minds this week.

Learn to the underside for our calendar of key occasions—and another factor.

Powell Congressional Testimony Follows Price Resolution

On the heels of final week’s Federal Reserve assembly, Powell will testify earlier than Congress to offer lawmakers an replace on the central financial institution’s views on inflation and the financial system. Powell is scheduled to testify earlier than the Home Monetary Providers Committee on Tuesday and the Senate Banking Committee on Wednesday. A number of different Fed officers are additionally scheduled to ship remarks in the course of the week.

The hearings may present some market-moving moments, particularly as political allies of President Donald Trump could take the chance to grill Powell. Trump has criticized Powell for the central financial institution’s reluctance to lower interest rates, a criticism that could possibly be echoed by some lawmakers.

Trump has pointed to decrease inflation charges as a purpose for the Fed to decrease charges. Market watchers will get one other take a look at inflation on Friday with the discharge of the Private Consumption Expenditures (PCE) report for Could. PCE is essential as a result of it’s the info the Fed appears at when gauging whether or not inflation is returning to its goal price of two%. Inflation has been declining, with the PCE coming in just over the target rate in April. 

Nike, FedEx, Micron Earnings in Focus 

Athletic attire big Nike, a member of the Dow 30, will lead company earnings this week with its scheduled replace on Thursday. The struggling shoe maker warned throughout its prior quarterly report that tariffs could impact the company, coming because it reported declines in income and earnings. However analysts stated the latest merger of Dick’s Sporting Items (DKS) and Foot Locker (FL) may assist Nike enhance gross sales.

FedEx scheduled earnings on Tuesday come because the transport stalwart warned of decrease income and income throughout its prior quarterly report. Traders watch FedEx earnings as a result of they will present a view of transport volumes, which in flip can supply perception into the general well being of the financial system, and particularly on international commerce.

Traders may even be watching Micron Expertise’s scheduled report on Wednesday, which comes after the chipmaker pledged a $200 billion investment to spice up semiconductor manufacturing within the U.S.

Tesla (TSLA) is tentatively scheduled to roll out its robotaxi service in Austin, Texas, on Sunday, June 22, although product updates have been delayed previously. Count on Tesla’s robotaxi to seize headlines and probably transfer the EV maker’s inventory all through the week, particularly if Sunday’s launch is delayed. 

Fast Hyperlinks: Recap Last Week’s Trading | Latest Markets News 

This Week’s Calendar

Monday, June 23

• Current dwelling gross sales (Could)
• Fed audio system: Federal Reserve Governors. Christopher Waller, Michelle Bowman, Adriana Kugler, New York Fed President John Williams, Chicago Fed President Austan Goolsbee
• Key Earnings: FactSet (FDS), Industrial Metals Firm (CMC), and KB House (KBH)
• Extra Information to Watch: S&P flash Buying Managers Index (PMI) (June)

Tuesday, June 24

• Shopper confidence (June)
• Federal Reserve Chair Jerome Powell testifies earlier than the Home Monetary Providers Committee
• Fed Audio system: Federal Reserve Gov. Michael Barr, New York Federal Reserve President John Williams, Boston Fed President Susan Collins, Cleveland Fed President Beth Hammack
• Key Earnings: FedEx, Carnival (CCL), TD Synnex (SNX), and AeroVironment (AVAV)
• Extra Information to Watch: S&P Case-Shiller dwelling value index (April)

Wednesday, June 25

• New dwelling gross sales (Could)
• Federal Reserve Chair Jerome Powell testifies earlier than Senate Banking Committee
• Key Earnings: Micron, Paychex (PAYX), Common Mills (GIS) and Jeffries (JEF)

Thursday, June 26

• Pending dwelling gross sales (Could)
• Fed Audio system: Federal Reserve Gov. Michael Barr. Cleveland Fed President Beth Hammack and Richmond Fed President Tom Barkin
• Key Earnings: Nike, McCormick (MKC), Walgreens Boots Alliance (WBA) and Acuity (AYI)
• Extra Information to Watch: Gross home product (GDP) – second revision (Q1), durable-goods orders (Could), preliminary jobless claims (Week ending June 21), superior U.S. commerce stability (Could), superior retail inventories (Could), and superior wholesale inventories (Could)

Friday, June 27

• Private Consumption Expenditures (Could)
• Fed Audio system: Federal Reserve Gov. Lisa Cook dinner and Cleveland Fed President Beth Hammack
• Key Earnings: Apogee Enterprises (APOG)
• Extra Information to Watch: Shopper sentiment – ultimate (June)

One Extra Factor

The U.S. has lots of millionaires and is including 1,000 extra on daily basis, greater than wherever else on the planet. Investopedia’s Nisha Gopalan checked out wealth creation in each the U.S. and across the globe. Read more about it here.

Micron Expertise (MU) is slated to report fiscal third-quarter earnings after the bell Wednesday, with analysts anticipating the reminiscence chip maker’s earnings to greater than double from a yr in the past.

Analysts on common anticipate Micron to report income of $8.86 billion, up 30% year-over-year. It is projected to put up adjusted web revenue of $1.86 billion, or $1.61 per share, up from $702 million, or $0.62 per share, a yr earlier. In March, the Nvidia (NVDA) associate posted quarterly income that topped analysts’ expectations, thanks partially to information heart gross sales tripling on rising AI demand.

Of the 11 analysts overlaying Micron tracked by Seen Alpha, 9 have a “purchase” ranking for the inventory, alongside two “maintain” rankings, although their consensus worth goal close to $121 would counsel a slight decline from Friday’s shut at $123.60. Shares of Micron have been on a tear in current weeks, and have added practically half of their worth in 2025 up to now.

The outcomes additionally come after Micron earlier this month introduced plans to boost its U.S. investments to about $150 billion in reminiscence manufacturing and $50 billion in analysis and growth. The chipmaker mentioned many of the cash can be used for “two modern high-volume fabs in Idaho, as much as 4 modern high-volume fabs in New York, the growth and modernization of its current manufacturing fab in Virginia,” and superior its high-bandwith reminiscence packaging capabilities.

One among America’s oldest small companies is up on the market. It may very well be yours—in case you have sufficient cheddar.

Crowley Cheese, based mostly in Healdville, Vt., has been round for greater than 200 years, and the property of Galen Jones and his spouse Jill Jones for the previous 16. Now the corporate is on the block, with Galen, who’s 68, able to step away from the enterprise of churning out handcrafted artisanal American cheese.

“I am an previous man, and I’m able to retire,” he mentioned. 

The asking value, $2.5 million, would get a purchaser the manufacturing facility, about 16 acres of surrounding land, cheesemaking tools, the model, and a few 50,000 kilos of aged cheese. The enterprise, which employs 5 folks, is “rising and worthwhile,” based on Galen Jones. 

A purchaser would additionally get the recipe for Crowley’s cheese, described as having yogurt-like qualities that distinguish it from different cheddars. It sells in blocks and wheels; an 8-ounce block begins at $10, whereas a 2.5 pound wheels begins at $50.

Making Cheese ‘Is Not For Everybody’

The Crowley facility, which is taken into account Vermont’s oldest energetic cheese manufacturing facility and one of many oldest within the nation, produces 30,000 to 40,000 kilos of aged cheddar cheese yearly utilizing a recipe that hasn’t modified since 1824. Its cheese is shipped nationwide from Healdville, a few 150-mile drive northwest of Boston. 

The Joneses purchased Crowley Cheese in 2009. Galen Jones knew individuals who have been a part of the earlier investor group, he mentioned, and occurred to cross paths with the lead investor whereas working in digital media. (He declined to reveal the acquisition value.) Reminded of the enterprise, he appeared it up on-line. 

“We had a fairly horrible economic system in 2009, and Crowley Cheese was additionally struggling,” Jones mentioned. Unable to cease fascinated by it, he reached out to the homeowners and shortly visited the manufacturing facility.

“Six weeks after that, my spouse and I have been working this singular enterprise, which was a easy manufacturing facility in the midst of the countryside,” he mentioned. “It was serendipity, if you’ll.”

The “manufacturing facility,” a two-story historic farmhouse inbuilt 1882 the place cheese is handmade utilizing uncooked milk with no components or preservatives, features a retailer and is open to guests. The Joneses renovated the property and labored to enhance manufacturing processes.

Jones mentioned he’s acquired loads of inquiries concerning the enterprise since asserting its availability earlier this month. “Some individuals are within the thought however not effectively geared up to tackle the enterprise,” he mentioned. “With others, there’s severe curiosity.”

The best purchaser, he mentioned, can be somebody who may take “what we’ve been doing for the final 16 years to the following stage,” he mentioned. “Cheesemaking shouldn’t be for everybody. From my standpoint, it’s crucial we discover possession that may efficiently take the enterprise ahead.”