Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy.
First and foremost is the conclusion of the Federal Reserve’s meeting on Wednesday, and although it isn’t expected to cut interest rates, traders and investors will be poring over commentary for clues about the path ahead. Then there’s a string of Big Tech earnings with Amazon.com Inc., Apple Inc., Meta Platforms Inc. and Microsoft Corp. all reporting. And sprinkled throughout are some key indicators on the state of the economy, from gross domestic product to nonfarm payrolls.
In other words, if there ever was a five-day stretch that would define the second half of the year, this is it.
“This week’s packed calendar — trade negotiations, the FOMC, the jobs report and four of the Magnificent Seven names reporting — makes it truly a moment of truth for markets,” said Julian Emanuel, chief equity and quantitative strategist at Evercore ISI. He was referring to the Federal Open Market Committee, the panel within the Fed that sets interest rates.
Hectic Week of Earnings and Economic Data
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This article originally appeared here and was republished with permission.
