What to know for next week — Fed Chair Powell on Capitol Hill, retail earnings,...
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What to know for next week — Fed Chair Powell on Capitol Hill, retail earnings, February jobs report
What to know for next week — Fed Chair Powell on Capitol Hill, retail earnings, February jobs report
Yahoo Finance Live looks ahead to what to expect next week, including Fed Chair Jerome Powell's testimony in front of Congress, the next wave of retail earnings, and the February jobs report.
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What to know for next week — Fed Chair Powell on Capitol Hill, retail earnings, February jobs report
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Yahoo Finance Live looks ahead to what to expect next week, including Fed Chair Jerome Powell's testimony in front of Congress, the next wave of retail earnings, and the February jobs report.
Video Transcript
SEANA SMITH: All right, well, it is closing time here at Yahoo Finance. Let's take a look at some of the stories that we will be watching next week. Federal Reserve Chairman Jerome Powell will head to Capitol Hill for a semiannual appearance before Congress on Tuesday. Now, Powell will address the Senate Banking Committee. And then on Wednesday, he will go before the House Financial Services Committee. Powell will likely face several questions about the Fed's rate hike plan in its ongoing fight against inflation.
DAVE BRIGGS: Yeah, Elizabeth Warren wants to chime in there. Earnings season rolling on, a number of retailers report next week. Among them, Dick's Sporting Goods, BJ's Wholesale, Ulta Beauty, and Gap. Given the diversity of these retailers, we should get a good picture of where consumers are spending their cash and where they're holding back. Ulta, in particular, will be interesting, given that Target highlighted beauty as one of their stronger categories last quarter. That stock up 40% in the last 12 months.
SEANA SMITH: Certainly been a huge winner here over the last year. And then on Friday, we will get the big February jobs report. Economists are expecting 203,000 jobs to be added with the unemployment rate unchanged at 3.4%. That will be a lot lower than the 517,000 jobs that were reported back in January. We will be looking to see if that number gets revised any lower. What do you think? Projections?
DAVE BRIGGS: Yeah, it's going to be revised a bit lower. That number was way too hot, man.
SEANA SMITH: It was hot. It was a very, very strong-- I think it blew every expectation here out of the--
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