News By Tag
News By Place
Altrice Investment Co. Limited – Federal Reserve Decision and Earnings Season Continues
The Federal Open Market Committee (FOMC) will deliver its policy decision at 2 p.m. Wednesday, and many are expecting the central bank to cut short-term interest rates for the first time in over a decade, even as recent data pointed to a strong U.S
"We expect the FOMC to cut its target rates by 25bp at the July meeting, lowering the target range for the federal funds rate to 2.00-2.25%,"
Though a 25 basis point cut is what most economists expect, some have still not ruled out the possibility of a 50 basis point cut. "We maintain our call for a cut 50 bps on communication, not data. The June FOMC shifted our Fed view a lot, Altrice continued. "Chair Powell clearly wants to cut rates; in public comments, he and the core of the FOMC have ignored or downplayed strong data and highlighted weak data."
Even though the GDP data released Friday was stronger-than-
Meanwhile, the biggest companies reporting earnings tomorrow include Credit Suisse, Dine Brands, Fiat Chrysler, General Electric, Humana, Molson Coors, Spotify before market open; plus Qualcomm, The Cheesecake Factory, and Twilio after market close.
"Our ambitions keep us ahead of our competitors, and our research, service and results keep our clients in a position of financial security."
To receive more information on opportunities within the US markets or the IPO's of 2019, or to find out more about our services and products, contact us at firstname.lastname@example.org or visit our website – http://www.altriceinvestment.com for further details.
Altrice Investment Co. Limited