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Sunday, August 1, 2021

What to watch in the week ahead

Duration: 01:04s 0 shares 1 views
What to watch in the week ahead
What to watch in the week ahead

Investors will focus on a Fed rate decision, the jobs report, and the latest results from Apple.

Fred Katayama takes a look at the week ahead in the U.S. business world.

The central bank takes center stage for investors next week.

Federal Reserve policymakers are expected to announce their interest rate decision at the end of their two-day meeting Wednesday.

Investors are betting the Fed will cut rates by a quarter percentage point - the first rate cut in a decade.

But, With the S&P 500 already up more than 20% this year, a quarter-point cut may not be enough to expand on or sustain 2019's gains.

On Friday, the Labor Department releases its July employment report.

Economists expect payroll growth to slow to 170,000 jobs.

The unemployment rate is forecast to hold steady at 3.7%.

On the corporate front: Apple reports its third-quarter results Tuesday in a busy week for earnings.

The company had earlier signaled that iPhone sales had begun to stabilize in one of its key markets, China.

Also that day, top trade negotiators from the U.S. and China meet in Shanghai.

It'll be the first face-to-face meeting since Presidents Donald Trump and Xi Jinping agreed in June to revive talks aimed at ending their trade war.

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