This Week: Apple results, Fed meeting, nonfarm payrolls
A look at some of the key business events and economic indicators upcoming this week:
Wall Street expects that Apple’s latest quarterly snapshot will show a discouraging start to 2019.
Financial analysts predict the consumer electronics giant will report Tuesday that its earnings and revenue declined in the January-March quarter versus a year earlier. Apple acknowledged earlier this year that demand for iPhones is waning.
THE FED SPEAKS
Federal Reserve policymakers wrap up a two-day meeting Wednesday.
Investors will be listening for an update on the central bank’s interest rate policy. At the Fed’s last meeting in March, officials left the Fed’s key interest rate unchanged and trimmed their outlook for rate hikes this year from two to none.
EYE ON HIRING
Many businesses are still in a hiring mood, despite some signs that the pace of economic growth is slowing.
Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from a scant gain in February. And the nation’s unemployment rate remained at 3.8%, near the lowest level in almost 50 years. Economists expect the Labor Department will report Friday that nonfarm employers added 177,500 jobs in April.
Nonfarm payrolls, monthly change, seasonally adjusted:
April (est.) 177,500