FOMC Decision Takeaways, futures are slightly higher, it was a quiet night of news as there were no new headlines on trade, today focus will remain on the economic data, which becomes even more important in the face of the not dovish enough Fed. We get to notable reports today, Jobless Claims (E: 220K) and Philadelphia Fed Business Outlook Survey (E: 16.5) and if the later misses expectations, look for more selling and more.
FOMC preview, US stock futures are enjoying a pre-Fed bounce this morning, despite the bounce in futures, news flows were actually bearish since yesterday’s close as both FDX and MU made cautious comments about slowing global growth in their respective earnings calls and both cut guidance for 2019, In the US today, there is one economic report due to be released: Existing Home Sales (E: 5.190M) and a “beat” would be well received after the string of soft housing data points of recent, but frankly all eyes will be on the Fed and the report will not materially move markets, and more.
Today, the main market focus will be the Fed Events: FOMC Announcement and Forecasts (2:00 p.m. ET), Fed Chair Press Conference (2:30 p.m. ET) although, there is also one economic report out in the U.S. this morning: New Home Sales (E: 630K), stock futures are slightly positive this morning and more.
The Sevens Report is everything you need to know about the markets in your inbox by 7am, in 7 minutes or less. Start your free two-week trial today and see what a difference the Sevens Report can make. The FOMC minutes resulted in a “dovish” reaction in currencies and bonds, but in reality they didn’t reveal[…]
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Last Week in Review Data has been remarkably consistent the last few weeks, including last week: “OK” but not great economic[…]
FOMC Preview: Get the simple talking points you need to strengthen your client relationships with a free trial of The Sevens Report. FOMC Decision • As expected, the Fed left rates unchanged and did not alter its balance sheet. Takeaway The Fed decision met our “What’s Expected” scenario, as the Fed said balance sheet reduction[…]
FOMC Preview: Get the simple talking points you need to strengthen your client relationships with a free trial of The Sevens Report. Tomorrow’s FOMC meeting is important to markets for multiple reasons, because it will give us additional color on when the Fed will begin to reduce its balance sheet, and whether a December rate[…]
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Last Week in Review The economic calendar picks up this week beginning with the flash PMI today (9:45 a.m. ET), as[…]
Goldilocks Jobs Report Preview: What Will Make the Report too Hot, too Cold, or Just Right? Given the Fed’s newfound confidence in inflation and economic growth, the bigger risk for stocks will be if tomorrow’s number comes in “Too Cold,” and further implies the economy is losing momentum into a hiking cycle. However, while a[…]
Get the simple talking points you need to strengthen your client relationships—start your free trial of The Sevens Report now. What are the market implications the optimistic statements from Fed Vice Chair (and President of the Federal Reserve Bank of New York) William Dudley’s optimistic statements this week? Fed Vice Chair Dudley reiterated and bolstered[…]