Next Week on the Street: Earnings, CPI, Lasso's Back & March Madness
Get ready for a big earnings week. Lennar, Adobe, FedEx, and Dollar General are all expected to report. Of the economic reports coming out, Tuesday's CPI drop will have investors watching to see where we stand with inflation because that will help inform the Federal Reserve's plan to adjust interest rates.
Looking for something more fun? The news season of Ted Lasso drops and March Madness gets underway.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.