WEEKLY MARKET OUTLOOK:

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Amara

Member
Jul 18, 2024
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key events and insights:

Federal Reserve Announcements: Chair Jerome Powell and other central bankers will make remarks following last week's interest rate cut, with investors paying close attention to any economic insights.

Inflation Data: The Personal Consumption Expenditures (PCE) Price Index for August will be released, indicating whether inflation is cooling.

Housing Market Update: New and pending home sales data will be reported, along with housing prices and consumer sentiment surveys.

Earnings Reports: Micron Technology, Costco Wholesale, Accenture, and others are set to release earnings.

SCHEDULE OF EVENTS:

Monday, Sept. 23: S&P Global flash U.S. PMI, and remarks from Atlanta Fed President Raphael Bostic and Minneapolis Fed President Neel Kashkari.

Tuesday, Sept. 24: Consumer Confidence data, Case-Shiller Home Price Index, and earnings from AutoZone, KB Home, and Thor Industries.

Wednesday, Sept. 25: New home sales data and earnings reports from Micron Technology and Cintas.

Thursday, Sept. 26: Initial jobless claims, durable goods data, revised GDP, pending home sales, and remarks from Fed officials, including Powell. Costco, Accenture, and BlackBerry will also report earnings.

Friday, Sept. 27: PCE Price Index, wholesale and retail inventories, and consumer sentiment data.

This week’s focus will be on Federal Reserve officials' comments, housing market data, and earnings reports from key companies like Costco and Micron Technology. Investors are especially anticipating the PCE inflation data on Friday to gauge the direction of inflation.