The Fed, CPI and Apple AI
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 9 June 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Show Notes
Earnings calendar
Dividend Roundup
7 Actionable trading ideas - Piper Sandler
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's market moving events, |
| 0:11.1 | along with the weekend's top news and analysis. |
| 0:14.0 | Hello, today is Sunday June 9th, and I'm your host Kim Kahn. |
| 0:18.0 | This week brings a big face-off, apart from Oilers Panthers. |
| 0:21.0 | What currently has the biggest influence on the markets? |
| 0:24.4 | If you'll permit me to paraphrase, build the butcher in the impression, |
| 0:29.4 | at my challenge by the ancient laws of finance, we have met on this chosen week to settle for good |
| 0:35.0 | and all who holds sway over Wall Street the Fed who sets interest rates for this |
| 0:39.8 | fine land or the AI trade that has driven equity returns for the last year. |
| 0:46.0 | So, which will have the biggest impact? |
| 0:48.0 | What the Fed has to say about the path of rates or what Apple has to say about its |
| 0:52.0 | AI plans and its Worldwide Developers Conference. |
| 0:55.5 | The Fed's statement, the updated summary of economic projections, and Chairman Jerome Powell's |
| 0:59.9 | press conference are due on Wednesday. |
| 1:02.1 | That same day, before the bell, the market gets the May |
| 1:04.5 | CPI figures. Economists forecast a 0.3% month over month increase in core inflation and a drop in |
| 1:10.9 | the annual rate to 3.5% from 3.6%. |
| 1:15.0 | Seeking Alpha Analysts, Imer Tokich said if the |
| 1:17.1 | CPI comes in at the level anticipated, that'll fit the trend of sticky |
| 1:21.3 | and elevated inflation and it will prevent the Fed from responding |
| 1:24.4 | to a sharply slower economy. |
| 1:26.8 | The market is pricing in a near certainty of no move on rates this week, so the Fed's |
... |
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