Monday Market Must-Knows: March 27, 2023
Are you prepared for potential market volatility?
Last week, Jerome Powell, the Federal Reserve Chair, made a speech that differed from his usual talk track. He stated that ongoing rate increases would not be appropriate to combat inflation, which caused the markets to react with volatility.
This week, investors should pay attention to earnings reports from companies such as Carnival Cruise Line, Micron Technologies, Lululemon, Walgreens, Boots Alliance, McCormick & Company, Dave & Busters, and BlackBerry.
Additionally, the Core PCE price index, an important metric that the Fed is looking at, will be released on Friday, which could cause market volatility.
The GDP numbers for the final revision will also be announced on Thursday, and the expectations are a decrease to 2.7%, which is not ideal, but better than negative numbers from previous quarters. Overall, investors should focus on economic data and be prepared for potential market volatility.
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