HomeInvestingEarningsPowell's Tone Was More Firm & Hawkish Than It Has Been

Powell's Tone Was More Firm & Hawkish Than It Has Been

Powell’s tone was firm and more hawkish than it has been, notes Chris Versace. He talks about how the Fed’s 2% inflation has been reinforced and noted that the economy has performed better-than-expected. He then analyzes current market trends. He previews the JOLT’s report on Tuesday and ADP Employment on Wednesday. He questions if we should we expect another rate hike in September. He also looks at takeaways from earnings season, highlighting Wednesday’s premarket earnings calendar which includes Crowdstrike (CRWD), Salesforce (CRM), Okta Inc. (OKTA), Chewy (CHWY), and Five Below (FIVE). Tune in to find out more about the stock market today.

Trading 360

28 Aug 2023

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