Sunday, December 10, 2023
Homemarket insiderTaxes and inflation will be key themes for markets in the week...

Taxes and inflation will be key themes for markets in the week ahead

  • The last week of April will be extremely busy for markets with a third of the S&P 500 reporting earnings, a Federal Reserve meeting, and new spending and tax proposals from the White House.
  • Big Tech is a highlight of the earnings calendar, with Apple, Microsoft, Amazon, Facebook and Alphabet all releasing results.
  • The Fed is not expected to take any action, but economists expect it to defend its policy to let inflation run hot.
  • There is some key data including first-quarter gross domestic product and the Fed's favorite inflation measure: the personal consumption expenditures deflator.

Traders on the floor of the New York Stock Exchange.Source: NYSE

The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news.

Hot topics in markets will continue to be inflation and taxes.

President Joe Biden is expected to detail his "American Families Plan" and the tax increases to pay for it, including a much higher capital gains tax for the wealthy. The plan is the second part of his Build Back Better agenda and will include new spending proposals aimed at helping families. The president addresses a joint session of Congress Wednesday evening.


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