Economy on 05.04.2024...

FED says no rate cut in 2024 after all? Meta new ATH

Yesterday, someone from the FED once again dropped a bombshell in an interview:

Fed Kashkari: "The Fed may not cut rates this year if inflation doesn't come back further."

The markets then immediately slipped from a slight plus to -1.5%. You can see how much the 3 interest rate cuts are already priced in. If they don't come, the market will react. As we are currently close to the ATHs, something like this will of course always pull the market down very quickly, or up again.

$META Meta was even at a new ATH yesterday before the news, $BTC Bitcoin was already back above $71,000. NASDAQ has slipped below 18,000 points.

Could this be the start of a correction or will it now recover quickly because someone else is saying the exact opposite? I am very excited and prepared for anything.

Friday: stock market dates, economic data, quarterly figures

Stock market holiday in China

Economic data

08:00

• DE: New orders February seasonally adjusted FORECAST: +0.5% yoy previous: -11.3% yoy
• DE: Import/export prices February import price FORECAST: +0.3% yoy/-4.3% yoy previously: 0.0% yoy/-5.9% yoy

08:45

• FR: Industrial production February FORECAST: +0.4% yoy previous: -1.1% yoy

09:00

• CH: Reserve assets March

11:00

• EU: Retail Sales February Eurozone PROGNOSE: -0.5% yoy previous: +0.1% yoy

14:30

• US: Labor Market Data March Employment ex Agriculture PROGNOSE: +200,000 yoy previous: +275,000 yoy Unemployment rate PROGNOSE: 3.8% previous: 3.9% Average hourly earnings PROGNOSE: +0.3% yoy/+4.1% yoy previous: +0.1% yoy/+4.3% yoy

21:00

• US: Consumer Credit 2/24

Quarterly figures / company dates USA / Asia

02:00 Samsung Electronics quarterly figures

07:30 LG Electronics quarterly figures

#meta
#bitcoin
#fed
#zinssenkung
#news
#aktien
#aktienmarkt
#quartalszahlen
#nasdaq