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Search resuls for: "Stephanie Lang"


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“The economy is strong, the labor market is strong and inflation has come way down,” Fed Chair Jerome Powell said Wednesday. Fed officials continue to expect three rate cuts this year but the days of ultra-low interest rates are long gone. Up NextMonday: The Chicago Fed releases its National Activity Index for February. The US Commerce Department releases February data on sales of new single-family homes. The US Commerce Department releases February data on household spending, income and the Fed’s preferred inflation gauge.
Persons: Goldman Sachs, Jerome Powell, Mike Skordeles, Skordeles, ” Stephanie Lang, Homrich Berg, , Clare Duffy, Reddit, Read, Lisa Cook, Christopher Waller Organizations: Washington CNN, Fed, Truist Advisory Services, CNN, Atlanta Fed, Employers, New York Stock Exchange, Trading, IPOs, Chicago Fed, US Commerce Department, McCormick, GameStop, Global, Board, Wednesday, Walgreens Boots Alliance, US Labor Department, University of Michigan, National Association of Realtors
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 20, 2023. U.S. equity futures were little changed on Sunday as investors looked forward to the latest reading of the Federal Reserve's preferred inflation reading as well as a slew of big earnings reports. Futures tied to the Dow Jones Industrial Average were down by 0.04%, while S&P 500 futures and Nasdaq 100 futures ticked lower by 0.04% and 0.05%, respectively. "Nvidia has been the gift that keeps on giving with blockbuster earnings reports driving semis, tech, and the broader market higher this past week. "A hotter than expected PCE report this week could be a data point that could dampen the market enthusiasm."
Persons: Dow, they're, Stephanie Lang, Homrich Berg Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Nvidia, CNBC, Norwegian Cruise, AMC Entertainment, Anheuser, Busch Locations: New York City, Norwegian
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