Fed interest rate decision looms in critical week for markets

Published On Sep 15, 2024, 7:40 AM

Stock markets are on a winning streak ahead of an important Federal Reserve meeting where interest rate cuts are on the agenda. The tech-heavy Nasdaq led the gains, rising about 6% for the week, followed by the S&P 500 with a 4% increase. Investors are divided on whether the Fed will cut rates by 25 or 50 basis points, with recent data suggesting a deeper cut may be warranted. Other economic indicators, including retail sales and jobless claims, are also closely watched as they could impact the economic outlook.

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Stock Forecasts

FDXView FDX chart on TradingView

Negative

FedEx's earnings report could act as an economic barometer. If results are strong despite concerns about the economy, it may indicate resilience in logistics, supporting its stock. A weaker report could lead to bearish sentiment.

GISView GIS chart on TradingView

Positive

General Mills and Darden Restaurants will be key to understanding consumer spending trends. Strong earnings reports may reflect healthy consumer demand, positively impacting their stocks. Conversely, weak results may indicate pressures on consumer spending.

LENView LEN chart on TradingView

Positive

Lennar Corporation could be affected by the state of the housing market and interest rates. A positive earnings report could signal strength in homebuilding and real estate, driving its stock higher in a rate-cut scenario.

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