Let's take a look at the events that are sure
to move markets tomorrow. Starting with some corporate earnings
tomorrow, we're going to get quarterly reports for Carmax
and Grocery giant Albertson's. We're going to keep an
eye on Albertsons which is one of the biggest food
retailers in the United States with more than 2200 stores
across 34 states. Back in October Albertsons announced that
they would merge into a single company but in recent
months, multiple anti trust complaints have been filed against
the merger. There hasn't been a final decision on
that merger made yet, but for the first quarter
, Alberton is expected to see better profits from better
productivity and an enhanced customer experience. We're going to
break down those earnings right here for you on closing
Bell. We're also waiting comments from the Federal Reserve
officials about the US Central bank's interest rate hikes.
The presidents of the Chicago Fed and Minneapolis Fed will
separately speak at different events tomorrow. The officials may
reference last week's jobs report and some key inflation data
this week. As investors are looking ahead to the
next rate decision, We will also learn more about
the Federal Reserve's thought process for its decision last month
to raise rates a quarter of a percentage point with
the minutes from that meeting. We're going to learn
about that when they're released on Wednesday. Now,
the Fed did note that future rate hikes may be
warranted and Wall Street seems to be pricing in another
25 basis point hike.