Markets Look to Earnings from FedEx and Micron, Fed Bank Stress Tests, and Key Inflation Data
The final full week of the second quarter brings a slate of market-moving events. Investors will be closely watching quarterly reports from corporate heavyweights, the Federal Reserve's annual health check on the banking system, and a crucial inflation reading.
Corporate Earnings in Focus
The earnings calendar features several notable reports. Logistics giant FedEx is scheduled to release its fourth-quarter fiscal 2026 results after the market closes on Tuesday, June 23. Analysts are anticipating earnings per share of around $5.94 to $5.96 on revenue of approximately $24 billion. The report will offer insights into global trade dynamics and the health of the broader economy.
On Wednesday, June 24, semiconductor firm Micron Technology will report its fiscal third-quarter results. The company has been a significant player in the artificial intelligence boom, with its stock seeing substantial gains in 2026. The upcoming report is highly anticipated, with management having previously guided for record revenue. Investors will be looking for commentary on memory pricing, supply constraints, and demand from the AI sector.
Fed to Release Bank Stress Test Results
The Federal Reserve is set to publish the results of its annual bank stress tests on Wednesday, June 24, at 4:00 p.m. EDT. These tests assess the resilience of the nation’s largest banks, evaluating whether they hold enough capital to withstand a hypothetical severe economic downturn and continue lending.
This year’s exercise includes 32 major U.S. banks. The hypothetical scenario involves a severe global recession with unemployment rising to 10% and significant declines in commercial and residential real estate prices. The results can influence banks’ plans for capital distributions, such as dividends and share buyback programs.
Inflation Gauge on Deck
A critical piece of economic data arrives on Thursday, June 25, with the release of the Personal Consumption Expenditures (PCE) price index for May. This is the Federal Reserve’s preferred measure of inflation. Economists will be paying close attention to the core PCE index, which excludes volatile food and energy prices, for a clearer view of underlying price trends.
The Federal Open Market Committee (FOMC) held its key interest rate steady in its June meeting, citing that inflation remains elevated. The upcoming PCE data will be a key factor in shaping expectations for the central bank’s future policy decisions as it aims to bring inflation back toward its 2% target.
Sources
- NIKE, Inc. Announces Fourth Quarter Fiscal 2026 Earnings and Conference Call
- FedEx (FDX) Projected to Post Quarterly Earnings on Tuesday
- Federal Reserve Announces June 24 Release Date for 2026 Bank Stress Test Results
- FedEx Earnings Estimates, EPS & Revenue | NYSE:FDX
- FedEx (FDX) Earnings Date and Reports 2026
- Federal Reserve to Release 2026 Bank Stress Test Results on June 24 for 32 Major Lenders
- Federal Reserve to Release 2026 Bank Stress Test Results on June 24 for 32 Major Lenders
- FedEx Corporation (FDX) Earnings Dates, Call Summary & Reports
- Micron Technology to Report Fiscal Third Quarter Results on June 24, 2026
- Micron Earnings Date, Report, Conference Call, Forecasted Dates (MU)
- Investor Relations | Micron Technology
- FOMC Statement: June 2026
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