2024-07-08 20:08:18
Markets
Economy
Finance

Market Focus: Inflation, Powell's Testimony, and Bank Earnings Shape Investor Sentiment

Investors are gearing up for a pivotal week as key events like the release of June's Consumer Price Index (CPI), Federal Reserve Chair Jerome Powell's semiannual testimony, and major banks' second-quarter earnings reports take center stage.

Market sentiment is leaning towards a potential interest rate cut in September, with expectations rising following signs of cooling inflation and slowing job growth. The upcoming earnings season will provide insights into whether the surge in megacap stock prices aligns with their actual performance, influencing investor decisions.

With markets already pricing in a 70-72% chance of a rate cut, the pressure is on the Fed to strike a delicate balance to avoid triggering a recession while supporting economic growth.

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Yahoo Finance
7. Juli 2024 um 14:17

Inflation data, Powell speaks, and big banks report earnings: What to know this week

Finance
Economy
Politics
Investors will be closely watching the release of June's Consumer Price Index (CPI) on Thursday as the case builds that the Federal Reserve could be set to cut interest rates in September. Semiannual testimony from Federal Reserve Chair Jerome Powell before the Senate Banking Committee and the House Financial Services Committee will also be a key focus. On the corporate side, Friday morning will see some of America's largest financial institutions, including JPMorgan, Wells Fargo, and Citi, kick off second quarter earnings season.
Yahoo Finance
8. Juli 2024 um 10:47

Futures flat with inflation data, earnings in focus

Finance
Economy
U.S. stock index futures were little changed as investors prepare for a busy week with the release of key inflation data, Federal Reserve Chair Jerome Powell's testimony, and the start of the second-quarter earnings season. Expectations for interest rate cuts have increased, with traders seeing a 70% chance of a 25 basis point cut at the Fed's September meeting. Investors are focused on the earnings season to see if the jump in shares of megacap stocks can justify their valuations.
INVESTING - TheStreet
9. Juli 2024 um 23:08

June jobs report bolsters bets on an autumn Fed interest rate cut TheStreet Daily Newsletter

Economy
Finance
Politics
The U.S. economy added 206,000 new jobs in June, down from the revised 218,000 in May. Wages grew 3.9% annually, the slowest pace in three years. The unemployment rate edged higher to 4.1%, ending a 28-month streak of sub-4% readings. The data suggests cooling inflation pressures, bolstering bets on a Fed interest rate cut in the autumn.
Inc.com
8. Juli 2024 um 13:00

The Fed's Odds for a September Rate Cut Just Spiked

Economy
Finance
The Federal Reserve's case for cutting interest rates has strengthened due to slowing job growth, higher unemployment, and cooling inflation. Markets now see a 72% chance of a September rate cut, up from a coin-flip odds a week ago. Economists warn that the Fed risks triggering a recession if it does not cut rates soon enough.
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