🔊Upcoming Economical Events To Watch:
🔹BUILDING PERMITS (TUES.)
🔹HOUSING STARTS (TUES.)
🔹FED RATE DECISION (WED.)
🔹JOBLESS CLAIMS (THURS.)
🔹PHILLY FED MANUFACTURING INDEX (THURS.)
🔹SERVICES PMI (THURS.)
🔹MANUFACTURING PMI (THURS.)
🔹EXISTING HOME SALES (THURS.)
- Stocks and US equity futures rose as investors awaited policy decisions from the US and Japan this week for near-term trading cues.
- The Federal Reserve’s policy meeting Wednesday may dictate the direction of global stocks for the next quarter. Prior to the blackout period, Chairman Jerome Powell indicated the central bank was close to having the confidence to cut, while others debated how deep, or shallow, those declines will be.
- The Fed may have less confidence on inflation than before, but it still has confidence in the disinflation trend
- #Bitcoin has rebounded above $67,000K amid pre-FOMC volatility and investor confidence in buying the dip, despite macroeconomic concerns.
- Memecoins surge, driving the sector's market cap over $55 billion
