USVM - The Coming Week: FOMC Statement Lots Of Labor Market Data And More S&P 500 Earnings Data
2024-07-29 06:01:00 ET
Summary
- It’s a busy week for economic data, both monthly and quarterly, as well as the all-important FOMC statement on monetary policy due out Wednesday afternoon, July 31.
- Most Fed watchers think a September Fed funds rate cut is now probable, but that will disappear quickly on Friday morning, August 2nd at 7:30 am, if the 'net new jobs added' to the US economy is greater than 225,000.
- The fact is that the 88% chance of a 25-basis point Fed funds rate reduction could dissipate quickly with stronger numbers Friday morning, just like the 6-8 Fed funds rate cuts that we started 2024 with in December ’23 and January ’24.
It’s a busy week for economic data, both monthly and quarterly, as well as the all-important FOMC statement on monetary policy due out Wednesday afternoon, July 31....
The Coming Week: FOMC Statement, Lots Of Labor Market Data, And More S&P 500 Earnings Data