The Day Ahead US

Daily UpdateCommoditiesEquitiesFXConsumer DiscretionaryEnergy

U.S. markets saw slight declines as investors monitored Fed Chair Warsh's hawkish inflation rhetoric ahead of critical June employment data. Major headlines include Meta's push into cloud-based AI services and ongoing corporate M&A activity.

Key Takeaways

  • 1.U.S. nonfarm payrolls are projected to grow by 110,000 jobs in June, with unemployment expected to remain steady at 4.3%.
  • 2.Fed Chair Kevin Warsh signaled a firm commitment to the 2% inflation target, pushing back against expectations of loose monetary policy.
  • 3.Meta Platforms is developing a cloud-based service to commercialize excess AI computing capacity.

Table of Contents

  • Market Recap
  • Coming Up
  • Key Economic Events
  • Top News
  • Market Monitor
  • Insight and Analysis
  • Wealth News

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Authors

Ashitha Salus

Securities

Meta Platforms IncNKE

Themes

Artificial Intelligence MonetizationHawkish Central Bank PolicyLabor Market Slowdown

Regions

North AmericaEuropeAsia PacificUnited StatesChinaBrazil