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Fed decision and big tech earnings set the tone for Wall Street next week
The Fed is expected to hold its benchmark rate at 3.5% to 3.75%, with markets also watching for signals on whether rate hikes could resume in September.
Wall Street is heading into a busy week as investors line up for the Federal Reserve’s next interest rate decision, a fresh set of US economic releases, and quarterly reports from several major technology companies, according to LiveMint Markets.
The Fed is widely expected to keep its benchmark interest rate unchanged in the 3.5% to 3.75% range, but traders are expected to scrutinize the accompanying statement and comments from Chair Kevin Warsh for clues on the timing of any further tightening, especially after a recent spike in global energy prices.
LiveMint Markets also highlights that the policy meeting comes after a run of softer-than-expected US economic data, including reports on consumer inflation, producer prices, and employment. Investors will further track key releases such as second quarter GDP and June personal consumption expenditures inflation, the Fed’s preferred measure of price pressures, for signals about the central bank’s future path.
On the corporate side, earnings season gathers momentum with Microsoft, Meta Platforms, Apple, and Amazon among the closely watched companies, alongside results from Visa, Boeing, and Qualcomm. Geopolitical developments, including escalating US-Iran military exchanges that raise concerns about potential disruptions to global energy supplies, are also expected to remain a major focus, with oil moves feeding into bond yields and inflation worries.