Fed Statement, General Mills, Lennar Earnings: 3 Things to Watch

By Liz Moyer

Investing.com -- Stocks fell ahead of the Federal Reserve’s decision on interest rates as investors turn to the Fed’s outlook on various economic measures.

Wednesday’s decision, expected at 14:00 ET (18:00 GMT), will include the Fed’s so-called dot plot, which shows each decision-maker’s projections for short-term rates and signals the path of interest rates.

Fed Chair Jerome Powell's remarks in recent weeks spell out the central bank’s determination to quash inflation even if that means causing economic pain.

It is those fears of a recession as the Fed aggressively moves rates higher that have weighed on stocks in recent days. 

The Fed isn’t the only central bank facing down inflation and trying to react accordingly, with other meetings this week by policymakers in the U.K., Japan and Brazil. The latter two are expected to release their next moves on interest rates later on Wednesday, while the U.K. will make its announcement on Thursday.

Here are three things that could affect markets tomorrow:

1. Fed press conference

Following the release of the statement, the Fed’s Powell will preside over a press conference at 14:30, fielding questions on the direction of the economy and likely whether a soft landing is still possible.

2. General Mills earnings

The packaged food company General Mills Inc (NYSE:GIS) reports earnings on Wednesday. Analysts see earnings per share of 99 cents on revenue of $4.7 billion.

3. Lennar earnings

Home builder Lennar Corporation (NYSE:LEN) also reports earnings. Analysts see EPS of $4.86 on revenue of $8.9 billion.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network
  • London Office
    One Financial Markets 

    1 Finsbury Market
    EC2A 2BN
    United Kingdom

    T:  + 44 ( 0 ) 203 857 2000
    E:  info@ofmarkets.com
  • Dubai Office
    One Financial Markets 
    OT19-39 Central Park Tower
    Dubai International Finance Centre
    United Arab Emirates
    T: + 00 971 44 22 888
    E:  info@ofmarkets.com

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: