“Markets Rise on Optimism of Debt Ceiling Deal and Federal Reserve Meeting Tomorrow”

Investing.com – Stocks rose late Thursday on optimism about the debt ceiling deal in Washington.

House Speaker Kevin McCarthy said he hopes congressional negotiators will strike a deal for a vote next week, as President Joe Biden is in a meeting with world leaders at the G7 summit in Japan.

Lawmakers had been trying to strike a deal before early June, when Biden administration officials warned that the United States might run out of options to continue paying obligations, such as interest on debt. The prospect of a default has weighed on the markets, although senior lawmakers have vowed they will not get to that point.

Drama unfolds as the Federal Reserve approaches its June meeting with expectations, at least from futures traders, that it will pause on an increase in interest rates. , especially if economic conditions are weak enough to push the United States into recession. However, the interest swap trader believes that there is a rate of 40% to raise the interest rate next month again, after a series of statements from the Federal Reserve members, indicating that the path of raising interest rates may continue for some time, with the continuation of the strength of the labor market, and the continuation of the strength of the rate of interest.

The still strong labor market data was released adding more complications to the Fed’s calculations. On Thursday, new jobless claims were lower than expected and down from the previous week.

The Fed will have the May jobs report and new inflation data before starting its June meeting.

Here are three things that could affect the markets tomorrow:

1. Fed Speakers

Fed Chairman Jerome is expected to participate in a panel discussion with former Fed Chairman Ben Bernanke at a conference in Washington, DC at 11:00 ET (15:00 GMT – 18:00 ET).

2. Earnings Abbey

Agricultural and construction equipment maker Deere & Company (NYSE: 261}) is expected to report earnings per share in US dollars.

3. Foot Locker

Foot Locker Inc. (NYSE: FL}), a retail apparel and footwear business,

markets today

It declined strongly in light of the rise in the American and the returns of the two-year and ten-year terms.

And the strong decline of gold continues for the third day in a row, due to the words of the regional heads of the Federal Reserve, who keep referring to the possibility of raising interest rates again and maintaining tight policies that are not in favor of gold.

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The overall picture of the US economy is also strong.

Today, the US dollar index recorded a level of 103.415, while it scored $1,957 an ounce, and in futures transactions it reached $1,960 an ounce.

It also continues to decline after the violent increase in US oil inventories data yesterday, which showed an increase of 5 million barrels, which warns of a decline in demand. Brent oil records $75 a barrel, and West Texas Intermediate crude records $71.92 a barrel.