The Federal Reserve’s interest rate decision, consumer spending data, and possible news on President Donald Trump’s tariffs headline the week.
The Fed will hand down another decision on interest rates this week, with a decision scheduled for Wednesday.
Meanwhile, housing data will also be scrutinized as affordability issues continue to depress home sales.
Tesla Robotaxi Rollout Could Come as Early as Sunday After months of waiting, investors could soon get a key update from electric vehicle maker Tesla (TSLA).
Despite a light corporate earnings schedule this week, investors will still get some expected updates from noteworthy companies.
This week’s domestic calendar is packed. However, the world and investors are also keeping an eye on world affairs.
Iran reportedly withdrew from scheduled talks with the United States, and fighting between Iran and Israel escalated over the weekend, resulting in deaths in both countries. S. In addition to raising concerns about the future of commodities and other financial markets, recent events in the Middle East also raise questions about regional and global stability.
In the meantime, a number of market-moving events are scheduled for the next few days. The week’s main events include consumer spending statistics, the Federal Reserve’s interest rate decision, and potential developments regarding President Donald Trump’s tariffs. Due to the Juneteenth holiday on Thursday, trading will be suspended.
The Federal Reserve is expected to make another interest rate decision this week on Wednesday. The electric vehicle manufacturer may give a major update on its future course this coming weekend.
Did May consumers keep supporting the economy? Tuesday’s U.S. A. While data on housing construction will show whether builders are catching up with lagging inventory levels, retail sales will show whether strong spending levels persisted. As trade talks continue between the U.S. and other countries, investors will continue to monitor any developments. A. officials and important business associates.
This week is light for corporate earnings, with the anticipated releases from online used car seller CarMax, grocery chain Kroger, accounting firm Accenture, and homebuilder Lennar serving as the main highlights.
For our calendar of important events—and more—read to the bottom.
Amid growing pressure for cuts, the Fed makes its interest-rate decision.
As they watch inflation data for indications that Trump’s tariffs are raising prices, Fed officials have stated that they are maintaining rates at their current level despite a robust labor market.
However, the Fed is under pressure because the May inflation data was less than analysts had anticipated. When the Fed’s two-day meeting ends on Wednesday, investors do not anticipate the central bank taking any action, despite remarks made by President Donald Trump calling for a one-point cut.
The CME FedWatch Tool, which tracks fed funds futures to predict interest rate movements, shows that traders are overwhelmingly in agreement that the Fed will maintain current rates in June. Also, they don’t anticipate a rate change from the central bank at its meeting in late July.
When Fed Chair Jerome Powell answers questions from the media following the meeting on Wednesday, he will delve deeper into the central bank’s perspective on interest rates and the economy.
On Tuesday, retail sales data for May will offer yet another indicator of the state of the economy. Approximately two-thirds of U.S. consumer spending is spent by consumers. S. . The economy. As home sales continue to be negatively impacted by affordability concerns, housing data will also be closely examined. While Wednesday’s housing starts data will show whether construction levels are increasing despite a need for more housing inventory, Tuesday’s most recent homebuilder confidence reading will reveal whether officials in the construction industry anticipate improvements in the market.
As early as Sunday, the Tesla Robotaxi may be released.
Tesla (TSLA), an electric vehicle manufacturer, may soon provide investors with a significant update after months of waiting. As early as Sunday, June 22, Elon Musk, the company’s CEO, stated on social media that the robotaxi service could be launched in Austin, Texas. The date may change because Musk wrote, “We are being extremely paranoid about safety.”. 2.
For Tesla, which is depending on AI and self-driving cars to become the transportation technologies of the future, the launch of its robotaxi service could be a significant event. Analysts have concluded that Tesla is well-positioned to lead the market in the emerging technology. According to Goldman Sachs, the EV manufacturer may have an advantage over rivals due to its capacity to rapidly scale production levels of the technology and train self-driving cars through AI development.
This week’s corporate earnings schedule is light, but investors can still expect some updates from companies that are worth watching.
Following the homebuilder’s warning of weakness in the housing market in the previous quarter, Lennar (LEN) is expected to release its report after the bell on Monday. Due to their lower-than-expected profits in the previous quarter, online auto seller CarMax (KMX) and accounting firm Accenture (ACN) will release their scheduled Friday reports.
Quick Links: Markets News | Trading Recap for Last Week.
The calendar for this week.
Monday, June 16.
Empire State Manufacturing Survey Data to Watch (June)3.
Principal Profit: Lennar4.
June 17, Tuesday.
U. A. retail sales in May 5.
(June)6 Homebuilder confidence.
Jabil (JBL), John Wiley and Sons (WLY), and La-Z-Boy (LZB)789 are the top earners.
Additional Information to Keep an Eye on: Business inventories (April)10115, industrial production/capacity utilization (May), and the import/export price index (May).
Wednesday, June 18.
Accommodations begin in May 5.
Decision on interest rates by the FOMC 11.
Powell, chair of the Federal Reserve, press conference11.
GMS (GMS)12 is the key earnings.
Additional Information to Keep an Eye on: First Jobless Claims (Week Ending June 14)13.
Thursday, June 19.
In 1415, the financial markets were closed for the Juneteenth holiday.
Smith & Wesson Brands (SWBI)16 is the key earnings.
June 20th, Friday.
May 17: Key economic indicators.
Accenture, Kroger (KR), Darden Restaurants (DRI), and CarMax18192021 are the top earners.
More Information to Keep an Eye on: June 22 Philadelphia Fed Manufacturing Survey.
One Additional Thing.
