Federal Reserve (Fed) Meetings and Announcements: The Fed’s decisions on monetary policy are closely watched by investors globally. Changes in interest rates, along with the Fed’s views on the U.S. economy, can influence investment decisions and market sentiment. Higher interest rates generally make borrowing costlier, potentially slowing economic growth. Conversely, lower rates could stimulate economic growth but may also lead to inflation.
Employment Data: This includes the monthly employment report, which provides insights into the number of jobs added or lost in the U.S economy, as well as the current unemployment rate. These figures are crucial indicators of economic health. A strong jobs report could signal a thriving economy, potentially leading to bullish market sentiment. Conversely, weak jobs data could indicate economic problems, leading to bearish sentiment.
Gross Domestic Product (GDP) Reports: The GDP report measures the total value of all goods and services produced by an economy in a specific period. It’s a comprehensive scorecard of the country’s economic health. If the GDP growth rate is robust, it could signal a bullish market. However, a declining GDP growth rate might trigger a bearish market.
Consumer Price Index (CPI) and Producer Price Index (PPI): These reports measure the average change in prices paid by consumers (CPI) and received by domestic producers for their output (PPI). They are key indicators of inflation. Central banks use these figures to set interest rates. High inflation may lead to an increase in interest rates and vice versa.
Retail Sales Data: This is a measure of the total receipts of retail stores. Changes in Retail Sales are widely followed as an indicator of consumer spending.
Housing Market Data: This includes reports on the number of new home sales, building permits issued, and housing starts. These figures provide insight into the health of the U.S. housing market and can affect related stocks and industries, including construction, banking and retail.
For the specifics of the events during this week, July 2, 2023, through July 7, 2023, visit: Best Growth Stocks Economic Calendar.
Disclaimer: The content provided in this article is for informational purposes only and should not be considered financial advice. Always conduct thorough research and consult with a qualified professional before making investment decisions.