Altrice Investment Co. Limited – Big Day for the Federal Reserve

Market watchers will be paying close attention to some key events taking place Tuesday.
By: Altrice Investment Co. imited
Powell Scheduled to Speak at Federal Reserve Later Today
Powell Scheduled to Speak at Federal Reserve Later Today
CENTRAL, Hong Kong - June 4, 2019 - PRLog -- The Federal Reserve will be kicking off its "Monetary Policy Strategy, Tools, and Communication Practices Conference" in Chicago. Key policymakers will be gathering, and several voting members will be speaking. At 9:55 a.m. ET, Fed Chairman Jerome Powell is scheduled to speak.

Bank of America Merrill Lynch predicts that the Fed's conference will be more of a brainstorming session. Credit Suisse echoed Bank of America's prediction. "Discussions of alternative policy frameworks will be central, although we do not expect any announcement of changes," the firm said.

Meanwhile, cloud giant will release quarterly earnings results after the market close. Analysts polled by Bloomberg are expecting the company to report adjusted earnings of 61 per share on $3.68 billion in revenue during the quarter.

Revenue growth will be in focus by both investors and Wall Street. Whether or not Salesforce was able to keep up the revenue growth momentum will be a critical point of interest.

Salesforce has been lagging the broader market this year. Shares are up a modest 6%, while the S&P 500 has risen 10% in the same time period.

The company will be holding its earnings conference call at 5 p.m. ET.

"Our ambitions keep us ahead of our competitors, and our research, service and results keep our clients in a position of financial security."

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