Investing.com – Here is a preview of the top 3 things that could shake markets tomorrow.
. 1 Fed Ahead
It is tomorrow, and although the decision is almost certain, the press conference could provide some market-moving information.
The Federal Open Market Committee will announce its decision on interest rates at 2:00 pm ET (18:00 GMT).
There is a 90% chance that the Fed will hold key interest rates constant.
Fed Chairman Jerome Powell said the central bank could remain patient and recent economic data supports his theory.
Atlanta Federal Reserve's NowCast growth in GDP growth is only at an annual rate of 0.4%.
"The statement after the meeting will have to balance the weakness of the current quarter, disappointment with household spending and optimism about business investment," said GrantThorton Chief Economist Diane Swonk.
. 2 Watch the Dot Plot
The interest rate decision is likely to play second fiddle behind the Fed's economic projection. Many estimate that the point plot contains forecasts of where each Fed Governor expects interest rates to be at certain points in the future. will be revised down.
The Fed's December dot plot signaled that two key interest rate hikes were in the pipeline by 201
. 3 Do you eat your cereal?
On the earnings page General Mills (NYSE 🙂 sees a profit share of 69 cents for the third quarter of the fiscal year, compared to 79 cents a year ago. According to analysts polled by Investing.com. Turnover for the manufacturer of Cheerios and other packaged foods as well as Blue Buffalo Pet Food is estimated at $ 4.19 billion, compared to $ 3.88 billion a year ago.
Williams-Sonoma (NYSE) retailer expects earnings of $ 1.97 for the company. Pre-tax quarterly earnings of $ 1.68 a share increased a year ago Revenues are expected to increase by 9.3% to 1, $ 8 billion.
And Herman Miller (NASDAQ :), the office furniture maker, sees revenue of 60 cents a share in the third quarter of the fiscal quarter, an increase of 20% over the 50 cents of the previous year.
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