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Institution: U.S. Earnings Season Is About to Begin; Investors Are Watching How High Oil Prices Will Affect Corporate Costs and Profit Margins
Svmuu News: Investment firm Summit Place Financial Advisors stated that the market expects companies’ second-quarter earnings to be generally strong, but investors will focus on the impact of high oil prices on corporate costs, profit margins, and product prices.The firm noted that inflationary pressures stemming from rising energy prices may take several more months to fully materialize, and that the Federal Reserve’s room for interest rate cuts in the short term is limited, so it may continue to adopt a wait-and-see approach.
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Source：Odaily · Source Link
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