FOMC Interest Rate Decision and Technology Earnings to Influence Markets

In the next 72 hours, U.S. data and the earnings reports of major technology companies will impact stocks, bonds, currencies, and crypto assets. The focus in the markets will be on the FOMC interest rate decision to be announced on Wednesday. Analyst Bull Theory notes that seven significant developments will be monitored and that there could be sharp movements in the markets. On Tuesday, U.S. consumer confidence data will be released; weak data could constrain household spending. On Wednesday, the interest rate and the Fed's inflation projections will be observed during the FOMC meeting. The probability of a rate change is priced at around 35%. On Thursday, the PCE Price Index and U.S. growth data will be announced; the growth expectation is in the range of 2.1% to 2.2%. On Friday, the University of Michigan consumer confidence index will be released. Low growth and high inflation could raise stagflation concerns. The earnings reports of Microsoft, Meta, Apple, and Amazon will also increase uncertainty. Microsoft and Meta's earnings per share expectations are $7.18-$7.24 and $1.88, respectively. Apple and Amazon's earnings reports will be released on Thursday; Amazon's earnings per share expectation is $1.81-$1.85. Bull Theory predicts that in the case of strong growth and declining inflation, there could be buying in risky assets.