Investors can expect key updates on monetary policy and retail sales in the week ahead.
Stocks managed to secure solid wins ahead of a critical interest rate decision from the Federal Reserve , which has investors on edge over how aggressively the central bank will bring down interest rates.) led markets higher to nab its best week of the year, up about 6%. That weekly best was echoed by the benchmark S&P 500 , which saw an uptick of 4% as both gauges notched their fifth straight day of gains on Friday.
"Powell’s task at 2:30pm next Wednesday will very much depend on what the Committee chooses to do at 2:00pm," Feroli said. "If it decides to cut 50bp, Powell will need to convey that the action is intended to support the outlook for sustained expansion in an environment of low inflation. If instead the FOMC opts for a 25bp cut he will need to indicate that the Fed stands ready to ease more aggressively on any sign of labor market softness.
She added, "There are still no signs that weakening in the jobs market is feeding through to slower growth in consumer spending."Retail sales, month over month, August ; Retail sales ex-auto and gas, August ; Industrial production, month over month, August ; Manufacturing production, August ; NAHB Housing Market Index, September Federal Reserve monetary policy decision ; MBA Mortgage Applications, week ending Sept.
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