The Federal Open Market Committee (FOMC) is scheduled to fulfill this week, with officials considering whether to chop rates of interest for a fourth consecutive meeting. Futures traders think a cut is unlikely, with persistent inflation and a robust labor market giving officials little room to scale back rates of interest.

After the meeting, Fed Chair Jerome Powell is anticipated to take media questions, which could have an effect on market movements—especially if he offers details on how the Fed might proceed with further rate decisions this yr.

On Thursday, the fourth-quarter and 2024 full-year gross domestic product measurement for the U.S. economy is scheduled to be released. The Atlanta Federal Reserve estimates that GDP growth will are available at 3% within the fourth quarter, a rise over the 2.8% economic growth measured within the third quarter.

The Friday release of the Personal Consumption Expenditures price index will show whether inflation continued to climb in December after moving as much as an annual rate of 2.4% in November.

Investors can even get data on home prices and sales levels, retail inventories, jobless claims, employment costs and the U.S. trade deficit.

Several high-profile firms are scheduled to release quarterly financial updates this week, including several members of the Magnificent 7 and top tech, energy, financial and manufacturing firms.

Magnificent 7 members Microsoft, Meta Platforms and Tesla are scheduled to report on Wednesday, while Apple is scheduled to release its financials Thursday.

Tesla’s report comes as its Chief Executive Officer Elon Musk has taken a task within the administration of President Donald Trump. The EV maker’s latest data on vehicle deliveries got here in lower than analysts were expecting.

Microsoft’s scheduled report follows a stream of reports of artificial intelligence funding initiatives, including last week’s announcement of a $500 billion AI initiative that features Microsoft-backed OpenAI. Meta’s scheduled report comes because it lifted its projections on how much it might put money into emerging tech like AI. Apple’s scheduled report follows analyst downgrades driven by worries about demand for brand spanking new iPhones.

Several other noteworthy tech firms are scheduled to release financials this week, including chipmaker ASML Holdings, IBM, Intel and ServiceNow.

Oil producers ExxonMobil, Chevron and Shell are scheduled to release quarterly financials amid optimism regarding energy policy under the brand new Trump administration. Expected reports from AT&T, T-Mobile and Comcast will give investors a have a look at the health of the telecommunications sector.

Expected earnings from Visa, Mastercard and SoFi this week could give market watchers a have a look at the health of consumers as debt levels have tapered back recently.

Boeing is scheduled to host its investor call on Tuesday after the aircraft maker released earnings data early last week. RTX and Lockheed Martin are also slated to release reports this week.

General Motors is scheduled to issue its quarterly financials on Tuesday, coming after it received an analyst upgrade based on recent moves like shuttering its Cruise robotaxi program. 

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