Wall Street Breakfast: The Week Ahead
All eyes are on the Federal Reserve next week. The Fed’s monetary policy committee is widely expected to cut interest rates for the first time since 2020, making this central bank meeting one of the most pivotal ones ever in recent history. Though a cut is the consensus, there has been debate over whether the size of the rate cut should be 25 or 50 basis points. Aside from the Fed, the Bank of England and the Bank of Japan will also be issuing policy decisions.
In terms of economic data next week, market participants will receive updates on U.S. retail sales and industrial production for August.
The earnings calendar will be fairly light, though there are some major names on tap, including Betty Crocker and Cheerios-parent General Mills (GIS) and parcel delivery giant and global economic bellwether FedEx (FDX).
Earnings spotlight: Tuesday, September 17 – Ferguson Enterprises (FERG) See the full earnings calendar.
Earnings spotlight: Wednesday, September 18 – General Mills (GIS) and Steelcase (SCS). See the full earnings calendar.
Earnings spotlight: Thursday, September 19 – FedEx (FDX), Lennar (LEN), Darden Restaurants (DRI), and FactSet Research (FDS). See the full earnings calendar.
Dividend watch: Companies that have an ex-dividend date coming next week include AIG (AIG), Iron Mountain (IRM), Broadcom (AVGO), and DICK’S Sporting Goods (DKS). Companies forecast to increase their quarterly dividend payouts include Microsoft (MSFT) to $0.83 from $0.75 and Starbucks (SBUX) to $0.61 from $0.57. Read through some of the dividend stock picks from Seeking Alpha analysts.