Wednesday, May 28, 2025
Pre-market trading is mixed and mostly flat this morning, as market participants seek further direction. Friday of this week we’ll see the all-important Personal Consumption Expenditures (PCE) report for April, but for today, we’ll have to be satisfied with reading the minutes from the latest
Federal Open Market Committee (FOMC)
meeting from the first week of this month.
Many Fed members have made public appearances of late, so whatever is to be parsed from these minutes has likely already made it into the public discourse on the Fed adjusting interest rates. At the start of the year, we saw analysts who were expecting six rate cuts in 2025; we’ve not yet seen the first one, and the odds for that cut keep getting pushed further into the calendar year: first May, then June, now September.
Macy’s Beats on Q1 Report, Shares Up
The latest big-box retailer to report earnings,
Macy’s
M, demonstrated decent growth in its Q1 report this morning: earnings of 16 cents per share outpaced the Zacks consensus by 2 cents, with revenues of $4.6 billion +3.16% from a year ago. The company is cutting its profit outlook, however, on higher tariffs putting pressure on earnings, but shares are up +3.8% in today’s pre-market at this hour, cutting into the company’s -29% return year to date.
Earnings Reports After Today’s Closing Bell: Much More than NVIDIA
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e.l.f. Beauty (ELF) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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