Uber, CVS and Disney earnings are in focus as the market digests Fed Chair Jerome Powell’s Tuesday comments.
Fed Chair Jerome Powell gave investors a little bit of hope in his question-and-answer session with Carlyle Group chairman David Rubenstein at the Economic Club of Washington on Tuesday, Feb. 7.
He mentioned disinflation 15 times and used the January jobs report to show why the Federal Reserve believes that the battle against inflation will take a “significant period of time.”
However, investors are starting Wednesday with a cautious approach as multiple Fed officials are slated to speak.
Outside of the constant Fed speak, Disney is on tap after the bell. The company is reporting its first-quarter results and this is the first earnings report since CEO Bob Iger took back the helm. Iger wasn’t handed the multimedia company on a golden platter, however, as Nelson Peltz and his hedge fund, Trian Fund Management, put activist pressure on Iger after Trian amassed $1 billion in stock.
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