December 14, 2024 - 11:59
As the financial world gears up for an eventful week, market watchers are keenly focused on several significant developments. The Federal Reserve is set to convene for its Federal Open Market Committee (FOMC) meeting on December 17-18, and Wall Street is abuzz with speculation regarding potential interest rate adjustments. Currently, markets are anticipating a 25 basis point cut, which could have far-reaching implications for the economy.
In addition to the Fed's deliberations, a series of earnings reports from major corporations are on the horizon. Notable companies such as Nike, Micron, General Mills, Lennar, FedEx, and Accenture will be unveiling their latest financial results, providing insights into their performance amidst a fluctuating economic landscape.
Moreover, the economic calendar highlights two pivotal releases: the November Personal Consumption Expenditures (PCE) index, which serves as the Fed's preferred gauge of inflation, will be unveiled on Friday, while Retail Sales data will be reported earlier in the week. These indicators will further inform market sentiment and economic projections as investors brace for a busy week ahead.
