Now let's look ahead at the event. Sure to
move markets tomorrow. Starting with the Fed chair,
Jerome Powell. He is going to begin at two
day testimony on Capitol Hill facing questions about the central
bank's response to price games or inflation. Well,
tomorrow is expected to face some heat from the Senate
banking Committee discussing the Fed's latest semiannual monetary policy report
which came out on Friday. The report reiterating the
Fed's commitment to bringing down inflation toward the Fed's 2%
target. While the latest reading from January shows inflation
hovering at a much higher rate of 6.4% for consumers
. So despite multiple rate hikes intended to bring down
inflation, the central bank still has a lot of
work to do. Democratic lawmakers expressing concerns that hikes
are hurting the economy and Americans in lower income brackets
. So we'll see how that moves markets tomorrow on
Wednesday and fourth quarter earnings season coming to an end
, but we still have some big companies set to
report. So for tomorrow, we're gonna see sporting
goods retailer Dicks, personal styling service, stitch fix
and the cybersecurity from crowdstrike. All report results.
The street is gonna be on the lookout for numbers
from Dicks that come out before the market opens.
Analyst expecting the company to report earnings per share$2.89
on sales of 3.4 billion. Despite tough economic conditions
for retailers Dix did manage to beat Wall Street expectations
for 10 straight quarters.