Wall Street Breakfast Fed cut baked in this week; what about '25?
Dec 15, 2024
Expectations are high for a quarter-point rate cut, but the threat of tariffs boosting inflation looms. Micron's earnings report is on the horizon, and there's buzz around Goldman Sachs' unique trading insights. Additionally, Palantir makes waves as it enters the Nasdaq 100, while Super Micro Computer exits. Apple is rumored to be developing a foldable iPad, adding intrigue to the tech landscape.
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Fed Rate Cut and Inflation Outlook
- The Federal Reserve is expected to cut rates by a quarter point to 4.25%-4.5% this year.
- Samuel Toome warns core PCE inflation could stay high in 2025 if tariffs increase.
Micron Earnings and Outlook
- Micron is expected to report robust earnings due to high AI server demand.
- However, Hunting Alpha cautions about premium valuations and a challenging outlook for Micron's NAND business.
Apple's Foldable iPad
- Apple is reportedly developing a foldable iPad, targeting a 2028 release.
- Prototypes have a nearly invisible crease, potentially eliminating a common issue with foldable devices.