Hennington Global · 2024-03-03T14:46:15.939454Z

The upcoming week summarized: Monday Publication of the quarterly reports of GitLab ($GTLB ) Speech by Philadelphia Fed President Tom Harker Tuesday Release of factory orders (January) and the ISM Services PMI (February) Super Tuesday pre-elections in 16 states Quarterly reports from CrowdStrike ($CRWD ), Target Corp ($TGT ), Ross Stores ($ROST ) and Nordstrom ($JWN ) Wednesday Release of the ADP Employment Report (February) Statements from Fed Chair Jerome Powell before the House of Representatives Publication of wholesale inventories (January), job vacancies (January) and the Federal Reserve Beige Book Speeches from San Francisco Fed President Mary C. Daly and Minneapolis Fed President Neel Kashkari Quarterly reports from Campbell Soup ($CPB ) and Abercrombie & Fitch ($ANF ) Thursday Statements by Fed Chair Jerome Powell before the Senate State of the Union Speech Publication of initial applications for unemployment benefits (March 2), productivity (revisions to the fourth quarter) and the trade balance Speech by Cleveland Fed President Loretta Mester Quarterly reports from Broadcom ($AVGO ), Costco Wholesale Corp ($COST ), Kroger Company ($KR ), Marvell Technology ($MRVL ) and Victoria's Secret ($VSCO ) Friday Release of the USlabor market report (February) Speech by New York Fed President John C. Williams

The upcoming week summarized:

Monday

Publication of the quarterly reports of GitLab ($GTLB (-5,11 %) )
Speech by Philadelphia Fed President Tom Harker

Tuesday

Release of factory orders (January) and the ISM Services PMI (February)
Super Tuesday pre-elections in 16 states
Quarterly reports from CrowdStrike ($CRWD (-6,72 %) ), Target Corp ($TGT (-1,58 %) ), Ross Stores ($ROST (+1,15 %) ) and Nordstrom ($JWN )

Wednesday

Release of the ADP Employment Report (February)
Statements from Fed Chair Jerome Powell before the House of Representatives
Publication of wholesale inventories (January), job vacancies (January) and the Federal Reserve Beige Book
Speeches from San Francisco Fed President Mary C. Daly and Minneapolis Fed President Neel Kashkari
Quarterly reports from Campbell Soup ($CPB (-0,4 %) ) and Abercrombie & Fitch ($ANF (+0,55 %) )

Thursday

Statements by Fed Chair Jerome Powell before the Senate
State of the Union Speech
Publication of initial applications for unemployment benefits (March 2), productivity (revisions to the fourth quarter) and the trade balance
Speech by Cleveland Fed President Loretta Mester
Quarterly reports from Broadcom ($AVGO (-4,04 %) ), Costco Wholesale Corp ($COST (+0,73 %) ), Kroger Company ($KR (+0,89 %) ), Marvell Technology ($MRVL (-5,33 %) ) and Victoria's Secret ($VSCO (-3,68 %) )

Friday

Release of the USlabor market report (February)
Speech by New York Fed President John C. Williams

Hennington Global@HenningtonGlobal

2Année

The picture shows the UNO City & Financial District, in Vienna. This is one of the 4 locations of the UN around the world (New York, Geneva, Nairobi & Vienna)

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user03@user03

What is the Powell testimony on Thursday about?

@User03 Jerome Powell must testify before the House and Senate committees to "report to the legislators" and also answer questions. This is an important and prescribed part of the democratic system in the USA and is simply intended to ensure transparency in central banking in the USA.

The statements are intended to provide the Senate with information about the Fed's monetary policy and decisions. Especially in relation to economic issues such as inflation and regulations. The statements basically enable legislators to better understand the Fed's objectives and measures and, if necessary, make recommendations or suggestions for future measures.

@BloombergT All right, thank you for the detailed answer ✌🏻😊