Catalyst Watch: FOMC Meeting

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8 • 950 Ratings

🗓️ 18 March 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Catalyst watch for the week of March 19. Seeking Alpha Associate News Editor, Kevin Curran explains what could result from the FOMC meeting on March 21, 22, following the recent events surrounding Silicon Valley Bank (SIVB), Signature Bank (SBNY) and First Republic Bank (FRC) (00:37). Kevin gives an earnings and conference preview (03:41). He says to look for reports from Foot Locker (FL) and Nike (NKE) (05:13). In addition, Nvidia (NVDA) is hosting a conference and one of the major topics is AI. Finally, in light of the banking crisis, will the Fed hold? Look out for our survey in Monday’s Wall Street Breakfast newsletter.

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Expectations tilt firmly towards 25 bp Fed hike, spurred by bank crisis, ECB decision

Transcript

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0:00.0	Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.
0:07.0	Thanks for joining us today. I'm Julie Morgan, host of Wall Street Breakfast, Seeking Alpha's Daily flagship podcast.
0:14.3	This is our weekly show all about the catalyst for the upcoming week.
0:18.4	I'm joined by Kim Kahn.
0:19.9	He's the senior managing news editor at Seeking Alpha.
0:23.7	I'm also joined by Kevin Curran.
0:25.6	He's an associate news editor at Seeking Alpha.
0:28.8	Look at Kim Slackin today.
0:31.0	I can't believe it.
0:31.9	Kevin, welcome to the show. I know I'm flying
0:34.0	solo but we'll see if we can make it through without him today. So Kevin what do you
0:37.8	have on the macro front? Yeah so now I'm carrying the heavy load with not just
0:42.2	earnings but the macro front as well.
0:44.2	So obviously the headliner is going to be the FOMC next week with all the drama and the banking sector.
0:50.2	It's going to be closely watched.
0:51.7	It was going to be closely watched anyway, but especially with
0:54.3	financials being hammered the way they are, it's going to be a huge decision to look for.
0:58.4	Following the ECB's 50 basis point hike, ignoring drama in its own banking sector, not the Eurozone but the
1:05.6	European continent in terms of Credit Suisse's issues. We'll see what the
1:09.5	Fed does, whether it ignores issues here at home or if maybe it pauses like many people are looking for or even maybe splits the difference does a 25 basis point hike.
1:19.0	But that will remain to be seen.
1:21.0	That said, it's not the only thing that's going on next week. We'll have existing homes as well as new home sales data and durable goods orders on the table for next week in terms of macro. So a lot of things to look out for and as I said with all the focus on financials the Fed will be
	...

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