Earnings from memory maker Micron Technology are in the spotlight today amid a tech sell-off, but investors will also be looking ahead to PCE data after a hawkish Fed meeting.
Stocks turned green after Tuesday's tech sell off, helped by lower oil and yields. The next major test is Micron's results after the close, followed by PCE prices data tomorrow.
After small caps gained and big tech eased to start the week, investors await more developments from peace talks and earnings later from FedEx. Micron results loom tomorrow.
Kevin Warsh leads his first FOMC meeting, affordable housing bill poised to pass Congress, and Trump's BLS head nominee vows to protect independence of government economic data.
Today's light earnings and economic calendar may leave investors looking ahead to Thursday's critical inflation report—the next major test after the Fed's recent hawkish shift.
The vibes are off. GDP growth and consumer sentiment aren't lining up, leading to an uptick in the so-called Misery Index. SCFR's Kevin Gordon looks at the week ahead.
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