By [ad_1]
Yahoo Finance anchors Julie Hyman and Josh Lipton preview the key occasions slated for Thursday, February 29.
The Personal Consumption Expenditures (PCE) index will probably be carefully watched for the most recent inflation knowledge and clues into the Federal Reserve’s rate of interest minimize plans.
A number of Fed officers are additionally scheduled to talk, together with Governor Christopher Waller, Atlanta’s Raphael Bostic, Chicago’s Austan Goolsbee, and Cleveland’s Loretta Mester. Their commentary will present additional insights into potential charge cuts.
On the earnings entrance, reviews are anticipated out from firms like Tub & Physique Works (BBWI), Dell (DELL), and Finest Purchase (BBY).
For extra skilled perception and the most recent market motion, click on here to look at this full episode of Yahoo Finance Reside.
Editor’s be aware: This text was written by Angel Smith
Video Transcript
JOSH LIPTON: Time now for what to look at Thursday, February 29. Beginning out with the economic system. Key piece of financial knowledge releasing tomorrow morning. That is the month-to-month PCE report, Fed’s favourite inflation gauge giving us extra perception into the central financial institution’s determination to chop charges. Economists anticipating the report to indicate a much bigger enhance in costs for January.
JULIE HYMAN: And transferring over to the Fed, we’ll get one other spherical of commentary from 4 completely different Fed officers within the afternoon. Wall Avenue will probably be listening carefully for clues about potential charge cuts after the PCE report. New York Fed President John Williams saying earlier right now that the central financial institution nonetheless has, quote, “a methods to go in its battle over inflation.” Williams additionally reiterating that the Fed will probably minimize charges later this yr.
JOSH LIPTON: And eventually, on the earnings entrance, AB InBev, Dell, Hewlett Packard Enterprise, Batt & Physique Works, and Finest Purchase all reporting tomorrow. HPE having a rocky begin to 2024, down about 12% to begin the yr, and saying earnings for the primary quarter of 2024. It’ll be after the bell.
JULIE HYMAN: PCE is that every one, I imply, is there the rest to say about tomorrow? I imply, we have been speaking about it for days now. It looks like weeks, though it isn’t weeks. However clearly that is going to be an enormous tradeable occasion for the market.
JOSH LIPTON: For positive. I imply, pay attention, we had that higher-than-expected CPI. And that actually took the marketplace for a flip there. Nvidia sort of rode to the rescue. However ultimately, what occurs tomorrow?
JULIE HYMAN: I imply, it is troublesome to see something within the numbers that may now change once more the market’s view that charge cuts aren’t coming till later within the yr.
JOSH LIPTON: I’m very concerned with earnings. HPE scheduled a report, this will probably be January quarter outcomes tomorrow. Some analysts saying going to look at that second half steerage, particularly fastidiously. I do know some suppose there could possibly be some danger there. There’s going to be questions on whether or not the combination of Juniper goes to appear to be. Keep in mind, they– HP introduced that purchasing Juniper for that huge $14 billion deal.
The inventory, as we talked about, heading into this print, not nice yr thus far, not nice actually over the previous 12 months both. And by the best way, our very personal Brian Sozzi will probably be talking with HPE CEO Antonio Neri concerning the outcomes. I am positive much more. That will probably be on Friday. So tune in for that, Julie.
JULIE HYMAN: There’s another factor about tomorrow. It is February 29.
JOSH LIPTON: Fascinating.
JULIE HYMAN: Intercalary year, intercalary year day.
JOSH LIPTON: That’s attention-grabbing.
JULIE HYMAN: I do not know what– I do not know if there are any market implications.
