Investing.com – Here's a preview of the 3 best things that can close markets tomorrow.
1. Fed Ahead
It's tomorrow, and while the decision is almost secure, the press conference can bring some market-flowing information.
The Federal Open Market Committee will announce its interest rate decision at 14:00 ET (18: 00-19 GMT).
There is more than 90% chance that the Fed will keep prices stable.
Fed chairman Jerome Powell has said that the central bank may remain patient and recent financial data has supported its dissertation.
Atlanta Federal Reserve's NowCast of GDP growth only has an annual interest rate of 0.4%.
"The statement after the meeting must balance the weakness of the current quarter, disappointment over household spending and optimism about business investment," GrantThorton Chief Economist Diane Swonk wrote.
2. See the dot protocol
The interest rate decision is likely to play another enemy of Fed's economic projection, with many estimates that the dot plot ̵
Fed's December spot plot signaled two interest rate increases were in the pipeline for 2019, but with signs of global decline, many economists expect the number of interest rate increases to fall to just one this year.  "The FOMC decision and subsequent comments clearly state Powell Put, which means the Federal Reserve will not do anything intentionally to threaten the stock market and household finances," said Doug Roberts at Channel Capital Research. "This represents a continuation of the policy introduced by the Federal Reserve mayor Alan Greenspan and continued by his successors, Ben Bernanke and Janet Yellen."
On the earnings front, General Mills (NYSE :), 69 cents share of earnings for the third quarter, down from 79 cents a year ago, is reported, according to analysts asked by Investing.com. Revenue for the manufacturer of Cheerios and other packaged foods and Blue Buffalo pet foods is estimated at $ 4.19 billion, up from $ 3.88 billion a year ago.
Dealer Williams-Sonoma (NYSE 🙂 is expected to report revenue of $ 1.97 for Fiscal fourth quarter up from $ 1.68 a share a year ago Revenue is expected to rise 9.3% to $ 1.8 billion .
And Herman Miller (NASDAQ :), office furniture manufacturer, seen income 60 cents a share in the fiscal third quarter, up 20% from a year ago is 50 cents.
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