Federal Reserve Meeting Predicts Interest Rate Cut
Market analysts are eagerly awaiting the Federal Reserve meeting this week, with many predicting a possible interest rate cut based on recent signals. If this prediction holds true, we could see the federal funds rate drop from its current range of 4.50% to 4.75%. This would make it the third consecutive meeting where rates have been slashed.
In addition to the interest rate decision, investors will be keeping a close eye on the personal consumption expenditures (PCE) report set to be released on Friday. This report will offer valuable insights into inflation trends, which have been showing signs of picking up. On Thursday, we can expect a GDP revision aiming to confirm or adjust the 2.8% growth rate reported in the third quarter.
As we navigate these economic updates, corporate earnings will also be in the spotlight. Mark your calendars for Micron Technology’s earnings release on Wednesday. As a partner of Nvidia, their financial performance will be closely watched following recent announcements. Stay tuned for more updates as these events unfold!
