Market focus this week: PCE values, consumer sentiment and housing market data, etc.
investors will continue to pay close attention to the personal consumption expenditure (PCE) index released over the weekend, which is the Fed's preferred inflation watcher.
Although the U.S. stock market is closed on Good Friday (March 29), investors will continue to pay close attention to the personal consumption expenditure (PCE) index released over the weekend, which is the Fed's preferred inflation watcher, and its movements will provide an important reference for the Fed's assessment of its benchmark interest rate adjustment.
On Tuesday, GameStop will report earnings, in addition to this week's Walgreens Boots Alliance, Cintas, Carnival, and Jefferies Financial Group, among others.
On inflation and consumer sentiment, the market will get new PCE index data this Friday, the first major inflation-related data release after the Federal Reserve said last week that it needs to be more confident that inflation is under control before deciding to cut interest rates.。In addition, investors will focus on two reports to get a sense of how Americans feel about their finances, including the Conference Board's Consumer Confidence Index and the University of Michigan's Consumer Sentiment Survey.
Notable corporate earnings reports include GameStop, Carnival, etc., which will provide investors with an important reference for market trends.
Highlights of the market this week include:
- Monday, 3/25: new home sales data (February)
- Tuesday, 3/26: durable goods orders (February), shock Case-Shiller House Price Index (January), Consumer confidence Index (March), GameStop earnings report.
- Wednesday, 3/27: Cintas, Paychex, Carnival and Jefferies Financial Group announce their financial results.
- Thursday, 3/28: data on initial unemployment benefits (for the week ending March 23), second revision of US fourth quarter GDP, Chicago Business Barometer (March), sales of homes for Sale (February), final Consumer sentiment (March).
- Friday, 3/29: market closed, PCE (February), initial US trade balance in February, retail inventory (February), wholesale inventory (February)
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