Investors will also get a look at some retail sectors, with an earnings report from Costco and an investor call with pet-products seller Chewy. Also, U.S. drugmaker Regeneron will update investors with results from the 2023 American Society of Hematology (ASH) conference. The publication of the rates could also help guide investor action in the future, as its “dot plot” serves to indicate where Fed members think the interest rate should be set at upcoming meetings. There’s also a staff report on the U.S. economic outlook that can show what assessments Federal Reserve officials are considering. Investors will also get more signals over the path of inflation when the Consumer Price Index (CPI) is released on Tuesday, which comes as other recent inflation reports have shown that prices have been increasing at a slower pace.
- There’s also a staff report on the U.S. economic outlook that can show what assessments Federal Reserve officials are considering.
- Computer graphic software maker Adobe could shed light on consumers’ appetite for AI products with its earnings report on Thursday, which comes after it introduced new AI tools for Photoshop and other products this year.
- Investors strongly believe that the Fed will keep rates there, with the CME FedWatch tool indicating a 98.4% chance that markets have priced in another pause at the current rate, with another 1.6% chance of a 25-basis-point hike.
On Wednesday, the Producer Price Index (PPI) will show wholesale prices for business, another inflation indicator. Another decline in inflation would meet consumer expectations, with the most recent Michigan Consumer Sentiment Index showing that the public believes price increases will continue to slow over the near and long term. A WSJ reporter tried her hand at trading the explosive short-dated options bets that have made financial markets riskier than ever.
Most Read: Markets
Fewer earnings reports are scheduled this week, as earnings season has largely concluded, but there are a few tech companies scheduled to report. For the second straight week, a chipmaker will host an event to debut new technology and tout the AI power of its products. On Thursday, it’s Intel’s “AI Everywhere” launch, where the company will launch its fifth-generation Xeon processors for data centers and Core Ultra processors for laptops. The event comes after Advanced Micro Devices (AMD) held a similar launch event last week, helping move its share price up by more than 7%.
Market watchers will have their focus trained on Wednesday this week, when the FOMC ends its two-day meeting with a decision on the federal funds interest rate that currently stands at 5.25% to 5.5%. Investors strongly believe that the Fed will keep rates there, with the CME FedWatch tool indicating a 98.4% chance that markets https://www.wallstreetacademy.net/ have priced in another pause at the current rate, with another 1.6% chance of a 25-basis-point hike. Computer graphic software maker Adobe could shed light on consumers’ appetite for AI products with its earnings report on Thursday, which comes after it introduced new AI tools for Photoshop and other products this year.