KEY TAKEWAYS
The Federal Reserve is widely expected to maintain its influential interest rate at its current 23-year-high level when officials make policy decisions on Wednesday.
Inflation moderated in the second quarter and the job market has continued softening, factors that will likely encourage the Fed to cut interest rates in the coming months.
Market…
Euro area private sector activity grew in June, surpassing earlier estimates and showing robust recovery. Activity in Spain showed the strongest growth, while contractionary conditions held in France amid election uncertainties.
Private sector activity in the euro area expanded in June, surpassing previous estimates, indicating that the recovery phase is well on track, though with…
KEY TAKEWAYS
Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation.
However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts.
While inflation is likely to continue to trend lower, it likely won’t reach…
KEY TAKEAWAYS
The Federal Reserve's preferred measure of inflation, the Personal Consumption Expenditures (PCE) index, will be released Friday. The inflation data and a slew of other indicators during the week will be closely watched amid hopes that continued indications of sluggish economic activity could spur the Fed to cut interest rates.
Several Federal Reserve…
KEY TAKEAWAYS
Markets, federal offices, and most banks are closed Wednesday for the Juneteenth national holiday.
Several Federal Reserve officials are scheduled to comment after last week’s interest rate decision and updated economic forecasts.
Earnings reports from homebuilders Lennar and KB Home are scheduled close to several housing-market indicators, including existing home sales and housing…