WSJ's Take On the Week

How The Fed Is Moving the Markets Beyond Interest Rate Hikes

12.10.2023 - By The Wall Street JournalPlay

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This week, we’re getting the fourth-quarter earnings from Photoshop creator, Adobe. The company’s announcement in October of new AI tools and services led to a five-percent jump in its stock, solidifying the investor excitement still surrounding AI technology. Dan Gallagher, a technology columnist for WSJ’s Heard on the Street, joins to explain how these new services will affect Adobe’s business and what investors should be looking for in its latest earnings report. Then, we’re turning our attention to the Federal Reserve. We’ll be getting another interest rate decision from the Federal Reserve this week and while investors will be looking to see if those rates finally begin to come down, we’re examining a few of the other levers the Federal Reserve pulls to move the markets. Mark Cabana, head of US Rates Strategy at BofA Securities, joins us to share what are those other levers and how they determine the direction of the markets, the economy and the cost to borrow money. Don’t worry, we still left room for dessert. Darden Restaurants, the parent company of Olive Garden, is also expected to report earnings this week. The restaurant sector has seen a slower decline than other sectors when it comes to consumer spending. WSJ reporter Heather Haddon joins us to share why that is and how Gen-Z is influencing restaurants’ marketing strategy. 

We want to know what you’ve been wondering about the economy, companies, stocks, bonds, or markets in general. Send us a note or a voice-memo recording to [email protected] or leave a voicemail at (212) 416-3489. 

Further Reading

A New Way to​ Tell Deepfakes From Real Photos: Can It Work? 

Adobe May Be Tech’s Biggest AI Bet Yet 

Fed’s Interest Rate Hikes Are Probably Over, but Officials Are Reluctant to Say So 

Investors See Interest-Rate Cuts Coming Soon, Recession or Not 

For more coverage of the markets and your investments, head to WSJ.com.

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