Posted 1/26/2024, 2:32:00 PM
Disinflation Trend Continues, But Fed Policy Unchanged; Tech Earnings and Economic Data Loom Large
- PCE inflation data shows continued disinflationary trend, but doesn't change Fed's near-term thinking
- Intel and Texas Instruments issue disappointing guidance, raising concerns about the chip sector
- Next week brings a Fed meeting along with high-profile tech earnings from Apple, Alphabet, Amazon, etc.
- Visa and American Express report mixed earnings results in the payments sector
- Upcoming economic data to watch includes consumer confidence, manufacturing, and monthly jobs report