AAPL - What The Federal Reserve Might Say After The July 2024 Meeting
2024-07-28 09:00:00 ET
Summary
- The stock market is at a major crossroads after record highs followed by abrupt selling, with increased volatility and key quarterly results weighing on major indices.
- In the two-day Fed meeting this week, Powell is likely to comment on Core PCE trend, with a high probability of maintaining interest rates in July and a rate cut.
- Market focusing on tech firms' quarterly results this week, with potential impact on stock prices and market sentiment.
Last month ahead of the June Federal Reserve meeting , the widely followed indices did not trade at all-time highs. Ahead of the July meeting, the market trades at a crossroads. The Nasdaq ( QQQ ) and S&P 500 ( SPY ) touched new highs on July 11 before those indices fell abruptly. Selling sentiment worsened after Alphabet ( GOOG ) (GOOGL) and Tesla ( TSLA ) posted quarterly results last week. The Russell 2000 ( IWM ) avoided the selling pressure, closing around 1% below its high for the year....
What The Federal Reserve Might Say After The July 2024 Meeting