February PPI, Ulta earnings: What to Watch
Yahoo Finance Live anchors Julie Hyman and Josh Lipton provide a preview of the top stories for Thursday, March 14.
Economic data will take center stage, with several key reports scheduled for release. Investors will closely monitor February's Producer Price Index (PPI), February US retail sales, and Initial jobless claims for the week of March 8 — potentially influencing the Federal Reserve's decision-making regarding future interest rate cuts.
In addition to the slew of economic data, the earnings season will continue with reports from notable companies such as Dollar General (DG) and Ulta Beauty (ULTA).
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Video Transcript
JOSH LIPTON: Time now for to watch tomorrow Thursday, March 14th. Another key day of economic data on tap, including producer price index, retail sales, initial jobless claims with the CPI coming in hotter than expected Tuesday. February's PPI data may further validate the notion that inflation is not slowing as quickly as the street.
And the Fed might have hoped wholesale prices climbed 0.3% in the first month of the year, which was the largest jump since August 2023. And the street expecting to see the same number cross the tape Thursday morning.
JULIE HYMAN: We'll also be getting a fresh update on retail sales. In January, they posted their steepest decline since March of 2023. But the street doesn't expect that trend continued in February.
Economists predict that retail sales grew 0.8% month-over-month in February. That's a rebound from the 8/10 of a percent decline seen in the first month of the year.
JOSH LIPTON: And on the earnings front, we'll hear the latest from Dollar General, Dick's, Adobe, and Ulta Beauty. Dollar General under pressure Wednesday following some weak earnings from Dollar Tree who plans to close about 1,000 outlets over the next few years. Dollar General is expected to revenue of 9.78 billion and an adjusted EPS of $1.73.
