Post by ferris1248 on Aug 19, 2024 8:45:56 GMT -5
"For the week, the S&P 500 (^GSPC) popped nearly 4% and the Nasdaq Composite (^IXIC) soared more than 5.2% higher. Meanwhile, the Dow Jones Industrial Average (^DJI) rose almost 3%."
"This week, a relatively quiet economic calendar will shift the market focus to the Federal Reserve as Chair Jerome Powell is expected to speak Friday morning at the Jackson Hole Symposium. Investors will be closely listening for hints on when, and how much, the Fed plans to cut interest rates in 2024."
"On the corporate side, retail earnings reports will continue to be in focus, with announcements expected from Lowe's (LOW), Target (TGT), Macy's (M), TJX (TJX), and BJ's (BJ)."
"The latest data prints have shown inflation continues to fall toward the Fed's 2% goal while consumer spending holds up and layoffs aren't ticking higher."
"In sum, economists and Wall Street strategists have argued this week's data dump shows the vaunted soft landing, where the US economy avoids a sharp economic downturn as inflation retreats to the Fed's 2% goal, is now firmly back in sight."
"This week's jam-packed data calendar delivered mostly good news. Inflation was generally tepid, and activity still looks healthy," Bank of America Securities head of economics Michael Gapen wrote in a weekly note to clients on Friday. "The recent data flow is consistent with our soft-landing forecast."
"As of Monday morning, markets are pricing in a 72% chance the Fed will lower interest rates by 25 basis points by the end of its September meeting, and a 28% chance of a cut of 50 basis points. A week ago, markets had priced in a 50% chance the Fed would implement the deeper cut."
finance.yahoo.com/news/all-eyes-on-the-fed-at-jackson-hole-amid-market-rebound-what-to-know-this-week-115800526.html
"This week, a relatively quiet economic calendar will shift the market focus to the Federal Reserve as Chair Jerome Powell is expected to speak Friday morning at the Jackson Hole Symposium. Investors will be closely listening for hints on when, and how much, the Fed plans to cut interest rates in 2024."
"On the corporate side, retail earnings reports will continue to be in focus, with announcements expected from Lowe's (LOW), Target (TGT), Macy's (M), TJX (TJX), and BJ's (BJ)."
"The latest data prints have shown inflation continues to fall toward the Fed's 2% goal while consumer spending holds up and layoffs aren't ticking higher."
"In sum, economists and Wall Street strategists have argued this week's data dump shows the vaunted soft landing, where the US economy avoids a sharp economic downturn as inflation retreats to the Fed's 2% goal, is now firmly back in sight."
"This week's jam-packed data calendar delivered mostly good news. Inflation was generally tepid, and activity still looks healthy," Bank of America Securities head of economics Michael Gapen wrote in a weekly note to clients on Friday. "The recent data flow is consistent with our soft-landing forecast."
"As of Monday morning, markets are pricing in a 72% chance the Fed will lower interest rates by 25 basis points by the end of its September meeting, and a 28% chance of a cut of 50 basis points. A week ago, markets had priced in a 50% chance the Fed would implement the deeper cut."
finance.yahoo.com/news/all-eyes-on-the-fed-at-jackson-hole-amid-market-rebound-what-to-know-this-week-115800526.html
