قالب وردپرس درنا توس
Home / Business / FOMC Meeting, July Work Report, Earnings – What to Know in the Next Week

FOMC Meeting, July Work Report, Earnings – What to Know in the Next Week



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Stocks are at record high but the market will meet its moment of truth in a busy week ahead. "Data-reactid =" 15 "> Stocks are at record highs, but the market will face its moment of truth in a busy week ahead.

Despite recent signs of a solid US economy, the Federal Reserve is expected to cut short-term interest rates for the first time in over a decade this week. The Federal Open Market Committee (FOMC) begins its two-day political meeting on Tuesday, and Chairman Powell will hold a press conference Wednesday following the policy decision.

Consensus among economists is that the Fed will cut interest rates in the upcoming meeting, although recent economic data has signaled a strong economy.

"We expect the FOMC to cut target rates by 25 bp at the July meeting, lowering the target range for the federal fund rate to 2.00-2.25%," Nomura wrote in a note Thursday. "Strengthening more recent data and comments from FOMC participants generally supports a 25 bp cut next week, as opposed to 50 bp. We don't think the economy is on the brink of a recession."

Although a cut of 25 basis points is what most economists expect, some still haven't ruled out the possibility of a 50 basis point cut next week. "We maintain our call to cut 50bps on communications, not data. FOMC in June changed a lot on our Fed view , UBS wrote in a note Wednesday. "Chairman Powell clearly wants to cut interest rates; in public comments he and the FOMC core have ignored or belittled strong data and highlighted weak data."

Although the GDP data released Friday Was stronger than expected, probably reinforced the Fed's decision to cut interest rates. "What does all this mean for the Fed? Support for the cut," Bank of America Merrill Lynch said in a note Friday. "The recent data and audit e showed that the momentum of growth was weaker, especially investment that they are most concerned about, and core PCE inflation is a softer touch. "

The Board of Directors of the US Central Bank, Jerome Powell, takes a dinner after the conference "Bretton Woods: 75 years later – Thinking of the next 75 years" at Banque de France headquarters in Paris, July 16, 2019. (ERIC PIERMONT / AFP / Getty Images)

According to GDP data, market watchers will get a pulse on the US labor market when the July Labor Report is released on Friday. Economists surveyed by Bloomberg expect the US economy to have added 170,000 non-farm-based salaries during the month, down from 224,000 jobs added in June. Unemployment is assumed to have remained steady at 3.7%.

"Both our official forecast and private wage tracking suggest a slight decline in hiring activity in July compared to June when non-farm profitability grew by 224,000 and suggests that employment trends have softened in recent months," Bank of America said. "In fact, if our forecast turns out to be true, the three-month moving average in non-farm wage growth will slow to 155,000 in July from 171,000 in June."

looks to potentially cut interest rates this year. [19659013] Meanwhile, the revenue season is raging, just over 40% of S&P 500 companies have released results so far, and this week an additional one-third of S&P is expected to release results, so far the revenue season has been better than expected, and so big reports scheduled for this week carry extra weight.

Investors will be focused on reports from Beyond Meat, Apple, Procter & Gamble, Under Armor, AMD, GE, Dunkin, Qualcomm, Square, C hevron and Exxon Mobil.

In addition, trade will be back in the spotlight this week when representatives from both the US and China meet for the first time in two months.

Calendar revenue

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Monday: Sanofi ( SNY ) before the market was open; AK Steel ( AKS ), Beyond Meat ( BYND ), Del Taco ( TACO ), NXP Semiconductors ( NXPI ) after the market's close "data-reactid =" 39 "> Monday: Sanofi (SNY) before the market was open; AK Steel (AKS), Beyond Meat (BYND), Del Taco (TACO), NXP Semiconductors (NXPI) by market proximity

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm "type =" text "content =" Tuesday: Altria ( MO ), ConocoPhillips ( COP ), DR Horton ( DHI ), Eli Lilly ( LLY ), Grubhub ( GRUB ), Incyte ( INCY ), Mastercard () MA ), Merck ( MRK ), Pfizer ( PFE ), Procter & Gamble ( PG ), Ralph Lauren ( RL ]), Under Armor ( UAA ) before market opening; Advanced Micro Devices ( AMD ), Amgen ( AMGN ), Apple ( AAPL ) ), Electronic Arts ( EA ), Gilead ( GILD ), Mondelez ( MDLZ ) after the market "that a-reactid = "40"> Tuesday: Altri a (MO), ConocoPhillips (COP), D.R. Horton (DHI), Eli Lilly (LLY), Grubhub (GRUB), Incyte (INCY), Mastercard (MA), Merck (MRK), Pfizer (PFE), Procter & Gamble (PG), Ralph Lauren (RL), Under Armor (UAA) before the market is open; Advanced Micro Devices (AMD), Amgen (AMGN), Apple (AAPL), Electronic Arts (EA), Gilead (GILD), Mondelez (MDLZ) after market close

<p class = "canvas- atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Wednesday: Credit Suisse ( CS ) , Dine Brands ( DIN ), Fiat Chrysler ( FCAU ), General Electric ( GE ), Humana ( HUM ), Molson Coors ( TAP ), Spotify ( SPOT ) before the market was open; Qualcomm ( QCOM ), Cheesecake Factory ( CAKE ), Twilio ( TWLO ) by market "data-reactid =" 45 "> Wednesday: Credit Suisse (CS), Dine Brands (DIN), Fiat Chrysler (FCAU), General Electric (GE) , Humana (HUM), Molson Coors (TAP), Spotify (SPOT) before the market is open; Qualcomm (QCOM), The Cheesecake Factory (CAKE), Twilio (TWLO) by market close

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Thursday: Cigna ( CI ), Clorox ( CLX ), Crocs ( CROX ), Dunkin Brands ( DNKN ), General Motors ( GM ), Kellogg ( K ), Marathon Petroleum ( MPC ), Shopify ( ] SHOP ), Sprouts Farmers Market ( SFM ), Verizon ( V ), Wayfair ( W ), Wingstop ( WING [19459004)]), Yeti ( YETI ), YUM Brands ( YUM ) before the market was open; Aphria ( APHA ), Pinterest ( PINS ), Square ( SQ ), US Steel ( X ) by market's close "data-reactid =" 46 "> Thursday: Cigna (CI), Clorox (CLX), Crocs (CROX), Dunkin Brands (DNKN), General Motors (GM), Kellogg (K), Marathon Petroleum (MPC), Shopify (SHOP), Sprouts Farmers Market (SFM), Verizon (VZ), Wayfair (W), Wingstop (WING), Yeti (YETI), YUM Brands (YUM) before the market is open; Aphria (APHA), Pinterest (PINS), Square (SQ), US Steel (X) by market close

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0 , 8em) – sm "type =" text "content =" Friday: Arconic ( ARNC ), Chevron ( CVX ), Exxon Mobil ( XOM ), Ferrari ( RACE ), Honda ( HMC ), Restaurant Brands ( QSR ) before the market opened "data-reactid =" 47 " > Friday: Arconic (ARNC), Chevron (CVX), Exxon Mobil (XOM), Ferrari (RACE), Honda (HMC), Restaurant Brands (QSR) before the open market

Economic calendar

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Monday: Dallas Fed Manufacturing Activity, July (-5.0 expected, -12.1 before) "data-reactid =" 49 "> Monday: Dallas Fed Manufacturing Activity, July (-5.0 forecast) entet, -12.1 before)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Tuesday: Personal income, June (0.4% expected, 0.5% before); Personal expenses, June (0.3% expected, 0.4% previously); Conference Board Consumer Confidence, July (125.0 expected, 121.5 previously) "data-reactid =" 50 "> Tuesday: Personal income, June (0.4% expected, 0.5% before); June (0.3% expected, 0.4% previously); Conference Board Consumer Confidence, July (125.0 expected, 121.5 prior)

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0 ) – sm Mt (0.8 em) – sm "type =" text "content =" Wednesday: MBA Mortgage Application, week ended July 26 (-1.9% before); ADP Employment Change, July (150,000 expected, 102,000 before); Employment Cost Index, Q2 (0.7% expected, 0.7% before); MNI Chicago PMI, July (51.0 expected, 49.7 before) "data-reactid =" 51 "> Wednesday: MBA Mortgage Application, week ended July 26 (-1.9% before) ; ADP Employment Change, July (150,000 expected, 102,000 before); Employment Cost Index, Q2 (0.7% expected, 0.7% previously); MNI Chicago PMI, July (51.0 expected, 49.7 before) )

<p class = "canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Thursday: Initial claims without work, week ended July 27 (212,000 expected, 206,000 before); Continued claims, week ended July 20 (previously $ 1,676 million); Bloomberg Consumer Comfort, the week ended July 28 (63.7 before); Markit U.S. Manufacturing PMI, July (50.0 before); ISM Manufacturing, July (52.0 expected, 51.7 before); ISM prices paid July (49.0 expected, 47.9 before); Building that spent month-on-month June (0.4% expected, -0.8% earlier) "data-reactid =" 52 "> Thursday: Initial requirements without work, week ended July 27 (212,000 expected, 206,000 before); Continued claims, week ended July 20 ($ 1,676 million); Bloomberg Consumer Comfort, week ended July 28 (63.7 previously); Markit US Manufacturing PMI, July (50.0 before); ISM Manufacturing, July (52.0 expected, 51.7 before); ISM prices paid, July (49.0 expected, 47.9 before); Construction spend month-on-month, June (0.4% expected, -0.8% before)

<p class = "canvas atom canvas text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Friday : Change in Nonfarm Salary, July (170,000 expected, 224,000 before); Change in production wages, July (3000 expected, 17,000 before); Unemployment, July (3.7% expected, 3.7% previously); Trade Balance, June (- $ 54.6 billion expected, – $ 55.5 billion before); Factory orders, June (0.7% expected, -0.7% previously); Durable goods orders, June (2.0% previously); University of Michigan Sentiment, July (98.5 expected, 98.4 before) "data-reactid =" 53 "> Friday: Change in nonfarm pay, July (170,000 expected, 224,000 before); Change in production wages, July (3,000 expected, 17,000 before); Unemployment, July (3.7% expected, 3.7% before); Trade balance, June (- $ 54.6 billion expected, – $ 55.5 billion before); Factory orders, June (0.7% expected , -0.7% previously); Orders for durable goods, June (2.0% previously); University of Michigan Sentiment, July (98.5 expected, 98.4 before)

<p class = " canvas atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung . "data-reactid =" 55 "> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung [19659023].

<p class =" canvas-atom canvas- text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" More from Heidi: "data-reactid =" 56 "> More from Heidi:

<p class = "canvas-atom canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = " Read the latest financial and business news from Yahoo Finance "data-reactid =" 61 "> Read the latest financial and business news from Yahoo Finance

<p class =" canvas-atom canvas-text Mb (1.0em ) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on [19659028] Twitter Facebook Instagram Flipboard Link edIn and reddit . "data-reactid =" 62 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn and reddit [19659042].


Source link