After a turbulent week This week will be marked by some economic growth and the intersection of Bitcoin and politics, with the focus on what happens next.
Investors will be keeping an eye on tech giants' earnings, the performance of the cryptocurrency market, and the Fed chairman's comments on interest rate cuts.
Let's see what happens now:
Will the Federal Reserve lower interest rates?
The Federal Open Market Committee (FOMC) is scheduled to meet on Wednesday. Reports suggest the Federal Reserve may cut interest rates The meeting is underway. Fed Chairman Jerome Powell is scheduled to speak after the meeting and announce a decision.
Tech giants report earnings
Like last week, major technology companies are scheduled to report their financials this week: Microsoft and Advanced Micro Devices report after the close on Tuesday, Meta reports after the close on Wednesday, and Apple and Amazon report after the close on Thursday.
Other important earnings to note
On Monday, McDonald's will report earnings before the market opens. Airbus and JetBlue will report on Tuesday, and Boeing on Wednesday. On Thursday, cryptocurrency-related companies such as Coinbase and MicroStrategy will report earnings. Berkshire Hathaway will report earnings on Friday.
Focus on the cryptocurrency market
It will be interesting to see how the crypto market performs this week, as former President and Republican candidate Donald Trump’s speech at the Bitcoin Conference could affect crypto prices, as well as the performance of the spot Ethereum ETF and the speech of Federal Reserve Chairman Jerome Powell.
Other noteworthy macroeconomic reports
The Consumer Finance and Jobs reports are due out on Tuesday, followed by the ADP Employment Report on Wednesday, and the U.S. Employment Report and unemployment rate on Friday, which will give an indication of the direction of the economy and whether the Fed is ready to cut interest rates.
