Wall Street is coming off a losing week, with the consumer price index due out on Tuesday and a rate decision from the Fed on Wednesday.
If we get through next week, we could rip into the end of the year, says Ritholtz's Josh BrownU.S. stock futures were flat on Sunday evening ahead of a week with several anticipated events in the ongoing fight against inflation.
Futures for the Dow Jones Industrial Average added 3 points, or less than 0.1%. Those for the S&P 500 and Nasdaq 100 were little changed.. On Tuesday, the November consumer price index will be released, and traders will be looking for a sign that inflation is slowing. The Federal Reserve has a two-day meeting starting the same day. The central bank is expected to announce another rate hike on Wednesday, though traders are anticipating a smaller move than in recent months.
In addition to the expected rate hike, the Fed's updated economic projections and Chair Jerome Powell's press conference could be key signals for what the central bank wants to do in the coming months. "Financial conditions have eased dramatically since the October CPI reading released last month, so the Fed will likely use the December FOMC meeting to walk those bacWe think the markets are too sanguine on rates after the first quarter and we expect Powell to take a more hawkish tone and for the dots to indicate higher rates for a longer period of time than what is currently being priced in by the futures markets," said Cliff Hodge, chief investment officer for Cornerstone Wealth..
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St Week Ahead U.S. stock rally faces gauntlet of CPI data, Fed meetingA double dose of potentially market-moving U.S. events next week could set the tone for asset prices in the rest of 2022 and beyond, as investors brace for a key inflation report followed by the last Federal Reserve meeting of the year.
Read more »
A stock market decline could be good for AmericaA buoyant stock market is constraining the Fed and, ultimately, hurting the country.
Read more »
U.S. stock rally faces gauntlet of CPI data, Fed meeting By Reuters*U.S. STOCK MARKET BRACES FOR BUSY WEEK AS KEY CPI DATA, FED MEETING IN FOCUS - $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Read more »
Why stock-market investors shouldn't count on a 'Santa Claus' rally this yearThis Christmas, investors might want to bet on a lump of coal instead of Santa Claus delivering tangible stock-market gains to Wall Street.
Read more »
Opinion | What Does the Fed's Jerome Powell Have Up His Sleeve?'The Fed is doubling down on what appears to be a failed policy, driving the economy to the brink of recession without bringing prices down appreciably... So why is the Fed forging ahead?'
Read more »
SoftBank, Tencent Lead Way as Asia’s Tech Investors Become Stock SellersMany longtime shareholders are cashing out of their investments, a troubling sign after what has already been a painful market selloff.
Read more »