Market Focus: Federal Reserve and Earnings Reports Earnings and Federal Reserve Take Center Stage

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By Ronald Tech

Next week, all eyes will be on the Federal Reserve’s latest interest rate decision, scheduled to be released on Wednesday. Market watchers are eagerly awaiting this highly anticipated announcement, hoping for guidance on the future direction of interest rates and the central bank’s economic outlook.

Additionally, a slew of major companies are slated to report earnings, including Advanced Micro Devices (AMD), Alphabet (GOOG), (AMZN), Boeing (BA), Cleveland-Cliffs (CLF), Electronic Arts (EA), Exxon Mobil (XOM), JetBlue Airways (JBLU), Mastercard (MA), Match Group (MTCH), Microsoft (MSFT), Meta Platforms (META), Pfizer (PFE), Qualcomm (QCOM), Starbucks (SBUX), Teva Pharmaceuticals (TEVA), and Tractor Supply (TSCO).

Upcoming Market Events

Here are the key market events for the upcoming week. Please note that the following economic dates are tentative and subject to change.

Tuesday, Jan. 30: The S&P Case-Shiller home price index, consumer confidence, and job openings data will be released.

Wednesday, Jan. 31: The ADP employment report, employment cost index, and the highly anticipated Fed interest rate decision will take center stage. The Chicago Business Barometer purchasing managers index (PMI) will also be published.

Thursday, Feb. 1: Jobs data, U.S. productivity, and S&P manufacturing PMI and ISM manufacturing data will be released.

Friday, Feb 2: The U.S. hourly, unemployment rate, and nonfarm payrolls for December will be posted. Additionally, factory orders for December and the final consumer sentiment reading for January will be released.

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