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Busy earnings week

CAPEX.com

The US Dollar fell as investors lowered their expectations that the Federal Reserve will take a more aggressive approach to raise interest rates next week. A 75bps rate hike is taken for granted, but more and more analysts are setting the Fed Funds target at lower levels than touted just a couple of weeks ago. The reason is that inflation expectations have decreased considerably after most commodities' collapse, and the economy's slowdown will presumably cause a drop in demand. Meanwhile, the US earnings season is picking up steam. The results align with the forecasts, without any company yet with significant setbacks in their earnings. Yesterday, Charles Schwab Inc and Goldman Sachs earnings were published with higher-than-expected figures. And today, the earnings of major companies such as J&J and Lockheed Martin will be announced.

Source: https://capex.com/en/overview/busy-earnings-week
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