Reported 5 months ago
The article discusses the potential impact of Costco's earnings report and inflation data on the markets this week, with investors shifting focus from the recent tech giant profits to broader concerns about U.S. consumer health and inflation pressures. The report highlights that Big Tech earnings and the prospect of a Federal Reserve interest rate cut have boosted stocks, but upcoming reports from Costco and Salesforce will provide valuable insights. Additionally, attention is on inflation data and bond auctions, as traders adjust their expectations regarding the timing of the next Fed rate cut.
Source: YAHOO