Bigtech reporting and the Fed meeting: what investors need to know this week
The U.S. Federal Reserve is likely to keep the interest rate range at 3.5%-3.75% at its January meeting / Photo: Shutterstock.com
Wall Street is gearing up for the most eventful week of the first quarter: The U.S. Federal Reserve will hold an interest rate meeting, and a fifth of the companies in the S&P 500 index will report earnings, including four issuers from the "Magnificent Seven": Microsoft, Meta Platforms, Tesla and Apple, Yahoo Finance writes.
On Monday, January 26, the U.S. Census Bureau will release its November durable goods demand report. The consensus forecast calls for a 3% month-on-month increase in new orders after a 2.2% drop in October, according to Barron's.
Nucor and Ryanair will present quarterly results.
On Tuesday, January 27, The Conference Board will present the U.S. Consumer Confidence Index for January. Economists on average forecast a value of 90 points. This is one point above December's reading, the third from the bottom in the last five years.
Boeing, General Motors, LVMH, Northrop Grumman, Texas Instruments, Union Pacific, UnitedHealth and UPS will release earnings reports.
On Wednesday, January 28, the U.S. Federal Reserve will announce its interest rate decision. Most likely, it will not change, and Wall Street's attention will focus on the number of votes "against" and the accompanying comments of the regulator, writes The Wall Street Journal. "We expect Fed Chairman Jerome Powell to emphasize that further moves on the rate will depend on the dynamics of economic data," the WSJ quoted an HSBC research note as saying. For now, traders are pricing in two rate cuts of a quarter percentage point each this year, the first of which is expected in early summer.
Advantest, ASML Holding, AT&T, General Dynamics, IBM, Lam Research, Meta Platforms, Microsoft, Starbucks and Tesla will publish quarterly reports.
On Thursday, January 29, the U.S. Bureau of Labor Statistics (BLS) will release the nation's producer price index (PPI) for December. In November, the index increased by 3% year-on-year.
Apple, Caterpillar, Honeywell International, L3Harris Technologies, Lockheed Martin, Mastercard, Samsung Electronics, SAP, Sanofi, Visa and Western Digital will disclose earnings data.
On Friday, January 30, the eurozone will release its preliminary estimate of fourth-quarter 2025 GDP and December unemployment data.
American Express, Chevron, Colgate-Palmolive, Exxon Mobil and Verizon will release quarterly results.
This article was AI-translated and verified by a human editor
