Let's take a look ahead at the event. Sure
to move markets tomorrow. All eyes will be on
the FED as it wraps up its latest monetary policy
meeting where it is expected to raise rates again.
While Wall Street largely pricing in a rate rise of
a quarter of a percentage point as investors will pay
particular attention to the path forward for the fed,
whether it will continue to raise rates to combat inflation
or pause its ongoing campaign of rate hikes the decision
hitting at two PM Eastern followed by a press conference
from Fed chair Jerome Powell at two PM Eastern.
That press conference in particular will be widely watched to
see what kind of clues guidance the FED can give
on its path forward. So you want to stick
with us on closing Bell tomorrow because we'll be covering
it all as it happens in real time. Plus
earning season will continue tomorrow with reports from several big
name companies. They include Qualcomm, Etsy Kraft Heinz
Yum brands and dine brands. Kraft Heinz will release
results from its first fiscal quarter of 2023 food company
posting beef on its top and bottom lines in its
three most recent quarters. When it reported in February
Kraft Heinz also offered soft profit guidance for the year
and revealed it would pause further price hikes in North
America Europe, Latin America. And most of Asia
reports from restaurant companies like yum brands and dime brands
could shed some light on the state of the restaurant
industry and consumer spending. These are the parent companies
of restaurants that we know. Well, Taco Bell
, Pizza Hut, as well as Applebee's and I
hop respectively will also get some fresh economic data A
P is going to release its national employment report for
the month of April. The company's most recent report
finding that private employers added 145,000 jobs in March.
Also noting in its report that the job market was
beginning to find its balance as consumer demand ebbs and
the cost of borrowing rises while adp's Chief economist Nela
Richardson, adding that the company's March payroll data is
one of several signals that does show the economy is
in fact slowing.