My thinking is that Fed is going to stick with the playbook, remember when they last updated their economic projections, they said that they saw the Fed funds rate exiting 2023 around 5.1, notes Chris Versace. He looks ahead to next week and the major takeaways from recent market performance. He goes over the expectations for next week's Fed meeting, as well as stocks to watch in the current environment. He mentions upcoming earnings which include NXP Semiconductors (NXPI), Avid Budget (CAR), Arist Networks (ANET), and MGM Resorts (MGM). finally, he looks at his stock pick Applied Materials (AMAT). Tune in to find out more about the stock market today.
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