Fed commentary, August PCE, Costco earnings: What to Watch
The whole gaggle of Federal Reserve officials, including Chair Jerome Powell and Vice Chair for Supervision Michael Barr, will be releasing commentary next week following the central bank's move to cut interest rates by 50 basis points this past Wednesday.
August's Personal Consumption Expenditures (PCE) index — the Fed's preferred inflation gauge — is due out next Friday, September 27.
Costco Wholesale (COST), Micron Technology (MU), and Accenture (ACN) are among the companies reporting quarterly earnings results throughout the week.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Luke Carberry Mogan.
Video transcript
Time now for to watch next week.
Starting off on the fed.
We're getting a huge batch of fed commentary throughout the week from multiple fed officials.
The Federal Reserve shocked many on Wall Street cutting interest rates by 50 basis points on Wednesday.
As opposed to a more conservative 25 point cut.
As the cuts impact ripples into the stock market, investors will listen closely for any clues about what the feds next move might be.
And speaking of the fed, their preferred inflation gauge coming out on Friday, that of course is PC or personal consumption expenditures.
Economist, forecasting total PC growth will slow 2.1% will core PC hold steady at 2 10% growth.
This will be the first big piece of economic data since the fed's 50 basis point cut on Wednesday.
And finally, we will be getting some more corporate earnings next week from Costco, Myron and KB Homes among others, Costco point fourth quarter results after the close on Thursday and expecting to see same store sales grow, giving us more insight into the health of this