|Bid||247.36 x 3200|
|Ask||247.40 x 5800|
|Day's Range||247.16 - 247.80|
|52 Week Range||208.38 - 247.80|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.09%|
Some of the biggest consumer brands in America will report earnings on what will be a busy Tuesday in markets.
This week’s economic calendar will provide investors with two very important data points: the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday that culminates with an announcement of monetary policy and the initial Q2 GDP reading on Friday. This week’s FOMC meeting and announcement are not expected to provide much in the way of excitement for the Street. The FOMC is widely expected to keep the federal funds target rate range unchanged at 1.00% to 1.25%.
BofA Merrill Lynch economist Michelle Meyer and team don't expect any surprises as the Fed's July meeting ends tomorrow: The FOMC is likely to tweak the statement to strengthen the commitment to balance sheet normalization but express greater concern about low inflation. Specifically, we expect the FOMC to note the Committee expects to begin implementing a balance sheet normalization program "soon". This would send a message that the FOMC is on track to announce the start of normalization at the September meeting.