Powell comments, consumer confidence, pce: worth paying attention to

00:00 Speaker a
Now it’s time to watch next week. Start with income. We will receive a round of revenue, including FedEx, Micron and Nike. Nike announced its fourth quarter results on Thursday. That was after the market closed. For Nike offers big discounts to clear up a tough year of unsold products. We know that during the tariff period, tariffs have been aggravating the company’s bottom line. Analysts expect sales could fall by about 15% compared to last year. This is in line with Nike’s warning. Look at the Fed, we will receive some comments throughout the week, including Fed Chairman Jerome Powell. Powell testified before Congress on Tuesday that it would be the semi-annual monetary policy report of the House Financial Services Committee. Also on Tuesday, we will get monthly consumer confidence data on June mornings. COM predicts that the number will rise slightly to 99, indicating that consumers feel more optimistic about the economy than they were a month ago. And stick to the economy, personal consumption spending or PCE data released on Friday, the Fed’s preferred inflation scale is expected to stabilize at 0.1% on a month-on-month basis.