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Week Ahead – Nearing the end of rate hikes?




Wall Street is now able to process the dovish FOMC announcement and another strong nonfarm payroll report. Now the focus shifts to Fed talk and economic data that should support disinflation.  Traders will pay close attention to initial jobless claims and the  University of Michigan sentiment report. Other important economic releases include trade data and consumer credit.

The Fed’s talk will resume Tuesday when Powell, Chair of the Fed, speaks in Washington. Barr talks about financial inclusion.  Williams, Cook and Barr will be appearing Wednesday. Waller and Harker are both speaking at the Crypto Conference Friday.  

The White House has a lot to do this week, as President Biden will deliver the State of the Union Address.  

Earnings season remains busy as Wall Street will get results from AbbVie, Activision Blizzard, AstraZeneca, BNP Paribas, BP, British American Tobacco, Brookfield, Brookfield Asset Management, CDW, Centene, Chipotle Mexican Grill, Credit Agricole, CVS Health, Deutsche Boerse, Equinor, Fiserv, Fortinet, Fujifilm, Gartner, Hilton Worldwide, KKR, L’Oreal, Linde, Motorola Solutions, Neste, Nintendo, PayPal Holdings, PepsiCo,…

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