Week Ahead: What Clues Will We Get From the Fed?
The Central Bank will almost certainly stand pat on rates, but we will still get some insight on what's next. Plus retail sales data, an inflation update, and Oracle's cloud transition.
For Morningstar, I’m Jeremy Glaser, and welcome to The Week Ahead, our quick take on what investors should have on their radar screens for the week starting June 13.
The conclusion of the Fed's meeting on Wednesday will be the most closely watched event. Just a little over a week ago, it seemed like a real possibility that rates were going to move higher. But a disappointing jobs report will almost certainly stay the bank's hand this month as the committee waits for more data on if this was a blip or a sign of real weakness. The market will be carefully parsing the statements and comments made in the press conference afterward for any signs that the bank could act as soon as July or if September or even after that is more likely for a future increase.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.