What To Expect in the Markets This Week | Global News Avenue

The Federal Reserve will announce its latest interest rate decision at the end of its meeting on Wednesday, and investors generally expect the Fed to cut interest rates again. After the news was announced, the Chairman of the Federal Reserve Jerome Powell Will take questions from the media and may provide more details on the economy.

Friday, Personal consumption expenditures (PCE) The report will show whether inflation remains above the Fed’s target. Q3 revision Gross Domestic Product (GDP) Also scheduled for this week, investors will focus on reports on retail sales, existing home sales and consumer confidence.

NVIDIA (NVDA) Partner Micron Technology (exist) will release quarterly earnings this week, with footwear leader Nike also reporting.of), Accenture Business Consultants (Acetonitrile), express delivery giant FedEx (FDX) and cruise operator Carnival (copper clad laminate).

Monday, December 16

• S&P US PMI Preview (December)
• Empire State Manufacturing Survey (December)

Tuesday, December 17

• U.S. retail sales (November)
• Industrial production and capacity utilization (November)
• Business inventories (November)
• Homebuilder Confidence Index (December)
• Federal Open Market Committee (FOMC) meeting begins

Wednesday, December 18

• Housing starts and building permits (November)
• Federal Open Market Committee interest rate decision
• Federal Reserve Chairman Jerome Powell press conference
• Micron Technology, Lennar (London), General Mills (geographic information system), and Toro (Technology Center) Report earnings

Thursday, December 19

• Initial jobless claims (week ended December 14)
• Gross Domestic Product (Second Revision) (Third Quarter)
• Philadelphia Manufacturing Survey (December)
• Existing Home Sales (November)
• U.S. Leading Economic Indicators (November)
• Accenture, nike, tape (CTAS), fedex, and Paychex (Alipay) Report earnings

Friday, December 20

• Personal Consumption Expenditures (PCE) Index (November)
• Consumer Confidence (Final) (December)
• Carnival Corporation and Winnebago Industries (WHO) reported earnings

Investors focus on the Fed’s decision to cut interest rates, Powell’s remarks, and inflation report

Market watchers will be closely watching the Federal Reserve’s final meeting of the year this week. Investors are looking forward to The Federal Open Market Committee (FOMC) will Approval of another rate cut from the current federal funds rate At the end of Wednesday’s meeting, interest rates were at a range of 4.50% to 4.75%. This will be the Fed’s third consecutive rate cut.

After the meeting, Fed Chairman Jerome Powell will give a speech that market participants will be watching closely.

Investors will have another key piece of economic data on Friday, the release of November’s personal consumption expenditures (PCE) inflation index. After publishing Other inflation measures show Price increases accelerate November. Ahead of that, Thursday’s GDP revision will show whether the economy holds up Growth rate in the third quarter was 2.8% This was calculated before.

Other notable economic data this week include November retail sales on Tuesday, existing home sales on Thursday and consumer sentiment on Friday.

Investors await reports from chipmaker Micron Technology and footwear maker Nike

Micron Technology reports earnings on Wednesday, following last week’s announcement that the chipmaker would receive Department of Commerce allocates US$6.2 billion Manufacturing semiconductors in the U.S. as part of the U.S. Chips and Science Act of 2022. As an Nvidia partner, Micron nearly doubled its revenue in its most recent quarterly report. beat analysts’ expectations.

Sportswear giant Nike will release its first earnings report since on Thursday Chief Executive Officer (CEO) Elliot Hill Return to leadership company After retirement in 2020. Nike shares have fallen nearly 30% so far this year, but have rebounded in the past month.

After FedEx reported earnings on Thursday, the delivery giant Lowered earnings and revenue forecasts Shipping volumes are down. Business management consulting firm Accenture will report earnings on Thursday Increased bookings due to higher demand for it Generative Artificial Intelligence (Gen AI) Serve.

General Mills report released Wednesday will shed light on consumer health following cereal makers sales drop last quarter. On the same day, Lennar released its earnings report Homebuilders’ recent outlook disappoints investors.

Lawn mower seller Toro will report earnings on Wednesday, while cruise ship company Carnival and recreational vehicle maker Winnebago will report on Friday.