A look at some of the key business events and economic indicators upcoming this week:
HIGHER PRICES SEEN
Economists project that consumer prices rose last month from a year earlier.
Consumer price index, annual percent change, not seasonally adjusted:
July (est.) 0.7
IN THE RED
Wall Street expects Tapestry closed out its last fiscal year with another quarterly loss.
SIZING UP RETAIL SALES
The Commerce Department serves up its July tally of U.S. retail sales Friday.
Retail sales climbed a solid 7.5% in June, the second-straight monthly increase. A surge in sales in May offset a brutal plunge in March and April. Shoppers have responded to the pandemic by shifting their spending to online retailers and grocers, though sporting goods, musical instrument and other stores have also enjoyed solid growth.
Retail sales, monthly percent change, seasonally adjusted:
July (est.) 2.0