Monday Market Must-Knows: June 26, 2023
Is PCE a good measure of inflation?
This week, important economic indicators will be released, including Q2 GDP numbers and the Core PCE Price Index, which measures inflation. A lower-than-expected PCE number could influence interest rate decisions. On Friday, the PCE Index release is expected to impact trading significantly.
Last week, Federal Reserve Chairman Jerome Powell testified before the Senate subcommittee, shedding light on the economy and public perception of his actions. This week, Powell will speak at an ECB Forum in Portugal, potentially causing market volatility.
Earnings reports from several companies, such as Carnival Cruise Lines, Walgreens Boots Alliance, Micron Technologies, General Mills, Rite Aid, Nike, McCormick and Company, and Constellation Brands, are also anticipated. Constellation Brands' performance might be influenced by Anheuser-Busch's recent advertising campaign controversy.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!
This week, important economic indicators will be released, including Q2 GDP numbers and the Core PCE Price Index, which measures inflation. A lower-than-expected PCE number could influence interest rate decisions. On Friday, the PCE Index release is expected to impact trading significantly.
Last week, Federal Reserve Chairman Jerome Powell testified before the Senate subcommittee, shedding light on the economy and public perception of his actions. This week, Powell will speak at an ECB Forum in Portugal, potentially causing market volatility.
Earnings reports from several companies, such as Carnival Cruise Lines, Walgreens Boots Alliance, Micron Technologies, General Mills, Rite Aid, Nike, McCormick and Company, and Constellation Brands, are also anticipated. Constellation Brands' performance might be influenced by Anheuser-Busch's recent advertising campaign controversy.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!