The Federal Reserve’s March monetary policy meeting minutes and March inflation statistics would be the main topics of attention for investors on Wall Street the following week.
Investors will be keenly monitoring the consumer prices data and the Fed minutes for hints about the Fed’s rate-cutting plans for the upcoming year, following last week’s strong jobs report that damaged interest rate cut prospects.
Important happenings
On Wednesday, April 10, the Federal Reserve (Federal Open Market Committee) will issue the minutes of its March meeting as well as the inflation figure for March, or the consumer price index (CPI).
On Thursday, April 11, the producer pricing index (PPI) data for March will be made public. The import price index (IPI) statistics for March and the preliminary consumer mood report for April will be released on Friday, April 12.
First quarter earnings to begin this week
The first quarter earnings season will also commence this week. The following businesses—Lotus Technology, Neogen, PriceSmart, Tilray Brands, Delta Air Lines, Applied Digital, Rent the Runway, Constellation Brands, CarMax, Fastenal, JPMorgan Chase, Wells Fargo, BlackRock, and Citigroup—are scheduled to release their quarterly profits next week.
Global markets past week
- The Dow Jones Industrial Average increased 0.77 percent.
- From 151.21 Japanese yen to 151.57 yen, the US dollar increased. The euro dropped from $1.0851 to $1.0834.
- The 10-year Treasury yield increased somewhat to 4.40 percent. Its 2-year yield increased to 4.75%.
- On Friday, the price per barrel of benchmark US crude oil for May delivery increased by 32 cents to $86.91. June delivery Brent crude increased 52 cents to $91.17 a barrel.
- An ounce of gold for June delivery increased by $36.90 to $2,345.40. Silver increased by 25 cents to $27.50 an ounce for May delivery.
