Why Does It Matter When the Fed Tapers QE?
What’s in Today’s Report:
- Why Does It Matter When the Fed Tapers QE?
- A Strong Rebound in Consumer Confidence
- Chart: Copper Hits Near-Decade Highs
U.S. stock futures are little changed this morning as a sense of “Fed paralysis” continues to grip the markets ahead of today’s FOMC announcement.
Investors are also awaiting details of Biden’s “American Families” plan and earnings from several big tech companies.
This morning, investors will be watching one economic release: International Trade in Goods (E: -$87.5B) but the report should not materially move markets given focus will largely be on the afternoon Fed events: FOMC Announcement (2:00 p.m. ET) and Fed Chair Press Conference (2:30 p.m. ET).
Although the Fed will be the main driver of markets today, there are several notable companies reporting earnings that could impact individual stock and sector trade including BA (-$1.17), GD ($2.31), and YUM ($0.85) before the open and heavyweights AAPL ($0.99), FB ($2.36), QCOM ($1.67), and F ($0.16) after the closing bell.