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.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
