Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
==========
The upcoming Fed meeting and inflation data will provide clues for the direction of the US market. The S&P 500 has risen more than 12% this year on expectations that the Fed can control inflation without harming growth. However, recent economic data has been mixed, with strong employment numbers but a slowdown in manufacturing and a lower first-quarter growth rate. Investors will closely watch the May inflation data and the Fed meeting for signals on the central bank's rate cut plans. Some investors are concerned about the concentration of gains in a few technology and growth stocks, while others believe that strong corporate results and a favorable macroeconomic environment will continue to support stocks. Political uncertainty, including the early presidential debate, may also impact market stability. The first debate between President Joe Biden and Republican challenger Donald Trump is scheduled for June 27, earlier than usual, which could shift market attention to the 2024 presidential election. Overall, the market is looking for clarity from the Fed and hopes for a rate cut sooner rather than later to avoid prolonged elevated borrowing costs that could harm the economy.
#WallStreet #Inflation #FedMeeting #UsMarket #S&p500 #EconomicData #RateCut #PresidentialElection
https://m.economictimes.com/markets/stocks/news/wall-st-week-ahead-inflation-fed-meeting-to-give-clues-for-us-market-direction/articleshow/110811945.cms
Oddbean new post about login | logout