Fed Rate Cut, Earnings, Economic Data: Busy Week Ahead

This week, the Federal Reserve is expected to cut interest rates for the third time, potentially lowering them to around three and a half to three and three-quarters percent. Meanwhile, major companies like Oracle, Broadcom, and GameStop are set to release their earnings reports, offering insights into various sectors of the economy. Federal Reserve Chair Jerome Powells press conference will be closely watched for clues about future interest rate plans. Additionally, new data on the trade deficit, jobless claims, and the federal budget will be released, providing a broader view of the nations economic health. This week promises to be busy and impactful for the markets and the economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.