The upcoming week on Wall Street is set to be a pivotal one as all eyes turn to the US Federal Reserve’s monetary policy meeting. With inflation data showing a rise in consumer prices in February, the Fed policymakers are expected to keep interest rates unchanged. The decision will be announced on March 20, followed by Fed Chair Jerome Powell’s press conference.
In addition to the Fed meeting, there will be key economic reports released, including data on the S&P flash US services PMI and manufacturing PMI for March, as well as existing home sales numbers for February on March 21.
Earnings season is also in full swing, with several major companies set to report quarterly earnings in the week ahead, including StoneCo, Micron Technology, Nike, FedEx, and more.
Last week, US stocks fell as investors weighed the interest rate outlook ahead of the Fed meeting. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw losses. The yield on the 10-year Treasury rose slightly, while the US dollar and crude oil prices fluctuated.
Overall, the week ahead promises to be filled with market-moving events and economic data releases that will likely impact investor sentiment and market performance. Stay tuned for updates and analysis as the week unfolds.
