A series of events taking place on Thursday could impact trading including Fed Chairman Powell's testimony on Capitol Hill and weekly jobless claims numbers.
for last week. Expectations are for 227,000, little changed from 229,000 the previous week, holding slightly above pre-pandemic levels. Continuing claims, which track the total number of workers collecting unemployment benefits, are anticipated to inch higher for a third week, to 1.315 million, up from a 52-year low and signaling an exceptionally tight labor market.
: Readings are due on its flash manufacturing and services reports for June. Watch for manufacturing activity to fall one point to 56.0. Services sector activity is expected to edge up to 53.5. A reading above 50 indicates an expanding sector.Quarterly results will ramp up on Thursday with Accenture, Darden Restaurants, FactSet Research Systems and Rite Aid before the market opens. Meanwhile, BlackBerry, FedEx and Smith & Wesson Brands will take the spotlight after the bell.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Powell Says Fed Will Continue Hiking Rates Until There Is ‘Clear Proof’ That Inflation Is Slowing“We are strongly committed to bringing inflation back down,” Powell told Congress.
Weiterlesen »
AUD/USD tumbles below 0.6920 as market mood sours, Fed Powell eyedThe AUD/USD pair has witnessed a steep fall after slipping below the round-level support of 0.6940 in the Asian session. The asset is expected to disp
Weiterlesen »
Elizabeth Warren to Fed chair Jerome Powell: Don't 'drive this economy off a cliff''You know what's worse than high inflation and low unemployment? It's high inflation with a recession and millions of people out of work,' Sen. Warren said, urging caution on rate hikes. 'I hope you consider that before you drive this economy off a cliff.'
Weiterlesen »
Powell: Fed aiming to avoid recession amid inflation fightFederal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.
Weiterlesen »
US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell SaysThe SEC’s directive that customers’ digital assets may need to be treated as being on an exchange’s balance sheet has banking regulators scratching their heads about how it’ll work.
Weiterlesen »
Powell says Fed will keep raising interest rates as long as appropriateFederal Reserve Chair Jerome Powell on Wednesday said the Fed will continue to raise interest rates in an effort to combat inflation as Americans across the country feel the burden of the fastest price increases in 40 years.
Weiterlesen »