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Showing posts with the label CNBC Senior Producer - Morning Brief July 31

From the Desk of Peter Schacknow, CNBC Senior Producer - Morning Brief July 31, 2013: Wall Street anxiously awaits Fed statement.

Wall Street anxiously awaits Fed statement Peter Schacknow, Senior Producer, CNBC Breaking News Desk The Dow and S&P 500 have essentially run in place for two weeks, waiting for today's Fed policy statement. That statement will be out at 2pm ET, and investors will no doubt be searching for clues as to when and how the central bank will scale back and eventually exit its accommodative monetary policy. The Street will have plenty to occupy its attention ahead of the Fed statement, with the latest ADP and GDP reports out this morning. The ADP report on private sector employment, due out at 8:15 a.m. ET, is expected to show that the U.S. economy added 183,000 jobs in July, following 188,000 in June. At 8:30 a.m. ET, the first estimate of second quarter GDP is expected to show the U.S. economy growing at a 0.9 percent annual rate, following a 1.8 percent rate during the first quarter. At 9:45 a.m. ET, the Chicago Purchasing Manager's Index, a measure of Mi