What To Expect in the Markets This Week
Coming up: Fed rate decision, jobs report, earnings from Apple, Microsoft, Amazon, and Meta
Monday, July 29
Dallas Federal Reserve manufacturing index (July) McDonald’s, ON Semiconductor (ON), Equity Residential (EQR), and SBA Communications (SBAC) report earnings
Tuesday, July 30
S&P CoreLogic Case-Shiller home price index (May)
Consumer Confidence (June)
Job openings (June)
Federal Open Market Committee (FOMC) meeting begins
$Microsoft(MSFT.US$, $Procter & Gamble(PG.US$ , Merck, $Advanced Micro Devices(AMD.US$ , $Pfizer(PFE.US$ , $BP PLC(BP.US$ and $Starbucks(SBUX.US$ report earnings
Wednesday, July 31
ADP employment report (July)
Pending home sales (June)
FOMC interest rate decision
Federal Reserve Chair Jerome Powell's press conference
$Meta Platforms(META.US$ , $MasterCard(MA.US$ , $Qualcomm(QCOM.US$ , $T-Mobile US(TMUS.US$ , $Arm Holdings(ARM.US$ , $Lam Research(LRCX.US$ and $Boeing(BA.US$ report earnings
Thursday, Aug. 1
Jobless claims (Week ending July 27)
S&P manufacturing PMI (July)
ISM manufacturing (July)
Construction spending (June)
$Apple(AAPL.US$ , $Amazon(AMZN.US$ , $Toyota Motor(TM.US$ , $Shell(SHEL.US$ , $Intel(INTC.US$ , $Booking Holdings(BKNG.US$ , $ConocoPhillips(COP.US$ ,and $Anheuser-Busch Inbev(BUD.US$ report earnings
Friday, Aug. 2
U.S. employment report (July)
Factory orders (June)
Fed Rate Decision Comes as Officials Watch Employment Levels
Market watchers will be closely focused on Wednesday when the Federal Open Market Committee (FOMC) announces its latest decision on interest rates.
The Fed is widely expected to keep rates at the current level of 5.25% to 5.5%, with investors believing the central bank won’t take action on rates until its meeting in September. After the decision this week, Federal Reserve Chair Jerome Powell will take media questions.
The employment report on Friday comes as Federal Reserve officials are keeping a close eye on the labor market following a rise in unemployment last month. If Fed officials don’t surprise with an interest rate cut on Wednesday, the jobs report could indicate whether economic conditions are on track for a September rate cut.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
