Preview -- Barron's
December 08 2023 - 10:00PM
Dow Jones News
Monday 12/11
Three megacap companies announce quarterly results, including
two software providers trying to ride the AI wave. Oracle reports
after the close on Monday, and Adobe does the same on Wednesday.
Costco Wholesale rounds out the week on Thursday. The companies'
shares are up 39%, 81%, and 34%, respectively, this year.
Tuesday 12/12
The Bureau of Labor Statistics releases the consumer price index
for November. Consensus estimate is for a 3.1% year-over-year
increase, one-tenth of a percentage less than in October. The core
CPI, which excludes volatile food and energy prices, is expected to
rise 4%, matching the October figure. The annual percentage change
in the core CPI is at its lowest level in more than two years.
Wednesday 12/13
The Federal Open Market Committee announces its monetary-policy
decision. The FOMC is widely expected to leave the federal-funds
rate unchanged at 5.25%-5.50%. The debate on Wall Street has
shifted to how many times the Fed will cut interest rates next
year, as there is near-unanimous agreement that there will be no
more rate hikes for this cycle. Traders are currently pricing in at
least one percentage point worth of rate cuts by the end of
2024.
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(END) Dow Jones Newswires
December 08, 2023 21:45 ET (02:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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