00:00:00 Speaker A
Time now for what to watch Friday, March 1st, starting off with the Fed. We'll have the latest round of Fed commentary throughout the day tomorrow with six different officials scheduled to speak. The Fed's key inflation measure PCE coming out today, rising 0.4% in January as expected. Cleveland Fed President, Loretta Mester, telling Yahoo Finance today that three rate cuts this year, quote, "Feels about right."
00:00:34 Speaker B
And take a look at on the earnings front. Next Gen Energy, Plug Power, Fubo TV, they're reporting earnings tomorrow. Plug Power announcing fourth quarter results before the bell. That stock's had a tough start to the year. It's down about 20%, but it did close higher today.
00:00:51 Speaker A
And moving over to housing, we'll be getting monthly construction spending data from the Census Bureau tomorrow morning. New report giving us some more insight on new housing and infrastructure projects. Housing market continuing to be tough with mortgage rates going up again today near 7%.