The Day Ahead: Fed Rate Hike, Etsy Earnings & April Private Payroll Update

Closing Bell

Let's take a look ahead at the event. Sure to move markets tomorrow. All eyes will be on the FED as it wraps up its latest monetary policy meeting where it is expected to raise rates again, Wall Street largely pricing in a rate rise of a quarter of a percentage point as investors will pay particular attention to the path forward for the fed, whether it will continue to raise rates to combat inflation or pause its ongoing campaign of rate hikes. The decision hitting at two PM Eastern followed by a press conference from Fed chair Jerome Powell at two PM Eastern. That press conference in particular will be widely watched to see what kind of clues guidance the FED can give on its path forward. So you want to stick with us on closing Bell tomorrow because we'll be covering it all as it happens in real time. Plus earning season will continue tomorrow with reports from several big name companies. They include Qualcomm, Etsy Kraft Heinz Yum brands and dine brands. Kraft Heinz will release results from its first fiscal quarter of 2023 food company posting beef on its top and bottom lines. In its three most recent quarters and reported in February Kraft Heinz also offered soft profit guidance for the year and revealed it would pause further price hikes in North America Europe, Latin America. And most of Asia reports from restaurant companies like yum brands and dime brands could shed some light on the state of the restaurant industry and consumer spending. These are the parent companies of restaurants that we know. Well, Taco Bell Pizza Hut, as well as Applebee's and I Hop respectively will also get some fresh economic data A P is going to release its national employment report for the month of April. The company's most recent report finding that private employers added 145,000 jobs in March. Also noting in its report that the job market was beginning to find its balance as consumer demand ebbs and the cost of borrowing rises while adp's Chief economist Nela Richardson, adding that the company's March payroll data is one of several signals that does show the economy is in fact slowing.