PMI report, Deckers earnings: What to Watch

As the trading day draws to a close, Josh Lipton and Julie Hyman examine the key events scheduled for Thursday, May 23.

On the earnings front, a slew of retailers are set to release their quarterly results — including Ross (ROST), Dollar Tree (DLTR), and Deckers (DECK) — offering a glimpse into the state of the consumer

The economic landscape will come into focus with the release of the May Purchasing Managers' Index (PMI) report. This report will give insight into the economy's overall health amid the ongoing fight against inflation.

Additionally, the Federal Reserve will take center stage as Atlanta Fed President Raphael Bostic is scheduled to deliver commentary on the central bank's perspective for future rate cuts.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Angel Smith

Video Transcript

What to watch.

Thursday, May 23rd starting off on the earnings front.

See a batch of retailers reporting including Ross Deters and Ralph Lauren Ross announcing first quarter results after the close and I suspected ac to increase 21 sales as Ross expands its reach to better brands including Nike and Michael Kors.

Moving over to the fed will be getting some commentary from Atlanta Federal Reserve President Rafael Bostic in the afternoon.

This coming after the F MC minutes from its May meeting were released earlier today where various members mentioned willingness to tighten policy further and take a look at the economy.

Another piece of economic data coming out in the morning, that's the monthly Purchasing managers index report for May economist forecasting uptick in services while manufacturing hold steady.

Give us another piece of the economic puzzle as the fed decides on potential rate cuts.