Nigeria to Hold Rates Again on Hazy Inflation Outlook

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Policymakers at Nigeria's central bank are set to keep the key interest rate on hold for a second straight meeting to get a better grasp of the inflation trajectory.

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Powell comments, consumer confidence, PCE: What to Watch

Here's what investors are watching next week, starting Monday, June 23. Nike (NKE) will be releasing its fourth quarter results after the market closes on Thursday. Other earnings reports next week include KB Home (KBH), Carnival (CCL), FedEx (FDX), BlackBerry (BB), General Mills (GIS), Micron (MU), and McCormick (MKC). Federal Reserve Chair Jerome Powell will testify for Congress on Tuesday. More Fed commentary will come throughout the week, including from Cleveland Fed president Beth Hammack. June's consumer confidence data will be released Tuesday morning, shedding light on the state of the consumer. Personal Consumption Expenditures (PCE) data — the Fed's preferred inflation gauge — for the month of May will be out on Friday. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Time now for to watch next week to start off on the earnings front, getting another round of earnings, including FedEx, Micron, and Nike. Nike out results for the 4th quarter on Thursday. That's after the markets closed. It's been a rough year for Nike, offering big discounts to clear out product that didn't sell. All while terrorists we know are weighing on the company's bottom line, analysts expecting sales could drop by about 15% compared to last year. That's in line with what Nike has been warning. Taking a look at the Fed, we're gonna be getting some commentary throughout the week, including Fed Chair Jerome Powell. Powell testifying in front of Congress on Tuesday. That will be for a semiannual monetary policy report for the House Financial Services Committee. Also on Tuesday, we're gonna be getting monthly consumer confidence data for June in the morning. Economists forecasting that number to. Up slightly to 99, signaling consumers are feeling slightly more optimistic about the economy than they were a month ago. And sticking with the economy, personal consumption expenditures, or PCE data coming out on Friday, the Fed's preferred inflation gauge expected to hold steady at 0.1% on a month over month basis.

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2 hours ago

• Yahoo

Powell comments, consumer confidence, PCE: What to Watch

Here's what investors are watching next week, starting Monday, June 23. Nike (NKE) will be releasing its fourth quarter results after the market closes on Thursday. Other earnings reports next week include KB Home (KBH), Carnival (CCL), FedEx (FDX), BlackBerry (BB), General Mills (GIS), Micron (MU), and McCormick (MKC). Federal Reserve Chair Jerome Powell will testify for Congress on Tuesday. More Fed commentary will come throughout the week, including from Cleveland Fed president Beth Hammack. June's consumer confidence data will be released Tuesday morning, shedding light on the state of the consumer. Personal Consumption Expenditures (PCE) data — the Fed's preferred inflation gauge — for the month of May will be out on Friday. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Time now for to watch next week. Gonna start off on the earnings front. We're getting another round of earnings, including FedEx, Micron, and Nike. Nike announced results for the fourth quarter on Thursday. That's after the markets close. Been a rough year for Nike offering big discounts to clear out product that didn't sell. All while tariffs, we know, were weighing on the company's bottom line. Analysts expecting sales could drop by about 15% compared to last year. That's in line with what Nike has been warned. Taking a look at the Fed, we're going to be getting some commentary throughout the week, including Fed chair Jerome Powell. Powell testifying in front of Congress on Tuesday, that will be for a semi-annual monetary policy report before the House Financial Services Committee. Also on Tuesday, we're going to be getting monthly consumer confidence data for June in the morning. Com is forecasting that number to tick up slightly to 99, signaling consumers are feeling slightly more optimistic about the economy than they were a month ago. And sticking with the economy, personal consumption expenditures or PCE data coming out on Friday, the Fed's preferred inflation gauge expected to hold steady at 0.1% on a month-over-month basis. 登入存取你的投資組合

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Fed Daly eyes fall for possible policy shift

-- San Francisco Federal Reserve President Mary Daly voiced a cautiously optimistic outlook for monetary policy and economic conditions in a wide-ranging interview on CNBC, citing signs of balanced progress on both inflation and employment. While acknowledging the potential inflationary effects from tariffs and geopolitical uncertainty, Daly affirmed that 'the economy remains in a good place, and policies in a good place.' The May inflation report offered encouragement, according to Daly, particularly in the housing and services sectors, where price moderation has continued. 'The May data just confirmed an ongoing pattern… we saw inflation continue to come down,' she said, calling the developments 'great news, both for our inflation mandate, but also for American families.' Daly outlined three scenarios for how inflation might evolve during the summer, ranging from a delayed spike to muted pass-through effects due to corporate mitigation strategies. 'We're just going to have to wait and see and collect more information,' she noted, adding that feedback from national businesses showed 'a little more optimism, cautious optimism.' Asked about the likelihood of a rate cut in July, Daly signaled a preference for a more patient approach, saying, 'For me, I look more to the fall, and by then we'll have quite a bit more information.' She emphasized that unless the labor market saw meaningful and persistent weakening, immediate easing would be unlikely. On labor availability, Daly said wage growth has remained consistent with long-run economic fundamentals, and firms report improving conditions for hiring. 'Right now, we haven't seen a broad impact… firms are telling me that they have an easier time finding workers today than they did just last year.' Artificial intelligence, another emerging economic variable, has yet to disrupt job markets in a material way, according to Daly's discussions with business leaders. 'They repeat to us that this is not a way to reduce their payrolls as much as… to augment their payrolls,' she said, noting that employers are using AI to increase productivity rather than cut staff. Daly was measured in her assessment of using tariffs as a rationale for policy shifts, saying, 'I never trust just the theory. There's really three things you have to look at: the theory helps us, history also helps us, and then you have to talk to people.' While confident in current policy settings, Daly warned against complacency amid labor market softening, saying, 'If you ask me where we are in the labor market, I would say we're at a point where additional softening could easily turn into weakening, which I don't want to see.' She cautioned against policy inaction based on inflation fears that may never materialize. Related articles Fed Daly eyes fall for possible policy shift Fed keeps rates steady, but sees fewer cuts next year on stagflation concerns WATCH LIVE: Fed Chair Jerome Powell Holds Press Conference Sign in to access your portfolio