Wall Street is bracing for tomorrow’s Fed decision, which is widely expected to see the central bank cut interest rates. Federal Reserve Chairman Jerome Powell and his colleagues will begin two days of policy meetings this morning. The September meeting comes as more important economic indicators are being released, including August retail sales figures to be released this morning.
On the technology side, Microsoft (MSFT) and Intel (INTC) both have strong shares. Microsoft’s stock is rising after increasing its dividend, while Intel’s stock is soaring after announcing plans to turn its foundry business into a subsidiary. This comes after stocks performed well yesterday following the Biden administration’s decision to provide Intel with up to $3 billion in funding through CHIPS and the Science Act.
Trending tickers on Yahoo Finance include Deckers Outdoor Corporation (DECK), Shopify (SHOP), and Dell Technologies (DELL).
Today’s main guests are:
9:30 a.m. ET – Eric Friedman, CIO, U.S. Bank Asset Management Group
10:30 a.m. ET – Paul Gruenwald, Global Chief Economist, S&P Global Ratings, and Crit Thomas, Global Market Strategist, Touchstone Investments.
10:45 a.m. ET – Bradley Tusk, Founder and CEO, Tusk Venture Partners
