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The week ahead for investors February 26, 2024

by 26. Feb 2024 @ 10:51News, The week ahead

Snapshot: The Upcoming Week’s Highlights

This week, the spotlight is on the Federal Reserve’s PCE Price Index and remarks from several Fed officials. Investors also anticipate earnings reports from major players like Workday, Salesforce, Paramount, Lowe’s, and Anheuser-Busch InBev SA.

 

Key Takeaways

  • The Federal Reserve’s preferred measure of inflation, the PCE Price Index, will be released on Thursday, providing critical insight into inflation trends.
  • Fed officials will share their perspectives on recent economic data, potentially influencing market expectations.
  • Key earnings reports expected from Workday, Salesforce, Paramount Global, Lowe’s, and Anheuser-Busch InBev SA.
  • Real estate market updates to watch: new home sales, home prices, and pending home sales.

Week of Feb. 26:

Monday, February 26

  • New home sales data release and earnings reports from Workday, Zoom Video Communications, Domino’s Pizza, and Unity Software.

Tuesday, February 27

  • Durable-goods orders, home price index, and consumer confidence updates. Earnings from Lowe’s, ONEOK, Bank of Montreal, American Tower, and AutoZone.

Wednesday, February 28

  • GDP revision, trade balance, retail, and wholesale inventories data. Earnings from Salesforce, Snowflake, Royal Bank of Canada, HP, TJX, Paramount Global, and Monster Beverage Corp.

Thursday, February 29

  • PCE Price Index release, initial jobless claims, pending home sales, and remarks from several Fed officials. Earnings reports from Anheuser-Busch InBev, Dell Technologies, Toronto-Dominion Bank, Hewlett Packard Enterprise, and Best Buy.

Friday, March 1

  • Remarks from Dallas Fed President Logan, Fed Board Gov. Waller, Atlanta Fed President Bostic, and San Francisco Fed President Daly. Earnings from RadNet, Plug Power, and FuboTV.

Deeper Insight

Week’s Highlights and Analysis

This week, the market focuses on the Federal Reserve’s PCE Price Index for inflation insights and remarks from key Fed officials. Earnings from leading companies like Workday, Salesforce, Paramount, and others will give a diverse look at various sectors. Additionally, housing market data throughout the week will provide further economic context.

 

Fed’s Preferred Inflation Measure Comes With Officials Set to Give Remarks

Thursday’s PCE Price Index is a critical inflation indicator, with Fed officials speaking shortly after its release. Their insights will be crucial in shaping market sentiment and expectations for future monetary policy.

Workday, Salesforce, Paramount and More Report Earnings

The week’s corporate earnings will showcase trends in technology, retail, and media sectors, with AI and consumer spending patterns being key areas of interest.

Fed Speakers, Treasury Secretary To Discuss Current Economic Conditions

Statements from Fed officials and the Treasury Secretary this week will provide deeper insights into the current economic landscape and future fiscal and monetary policy directions.

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