The Federal Reserve, the Fed, is a central bank in the United States responsible for all monetary policies. The Federal Reserve’s policymakers are expected to announce their decision on interest rates soon. An expert says that the Federal Reserve will take inflation into account with the growing prices of consumer products and will not change the interest rates.
Investors’s eyes are fixed on the Federal Reserve’s decision, which is expected next week. The Federal Reserve’s decision will affect borrowing costs and investment strategies. Last week, the US stock market saw a drop as investors expected a rise in interest rates. This decision will make or break the market next week. This decision could put the US in a recession and heavily impact the global market.
Apart from the Fed’s reports, US Economic Report data on the S&P flash US services PMI and the S&P flash US manufacturing PMI for March. Existing home sales numbers for February are expected to be released on March 21. The decision on interest rates can be expected on March 20.
Some major companies like Nike, FedEx, Accenture, StoneCo, Comtech, Science Applications, Tencent Music, Caleres, Citi Trends, Core & Main, Micron Technology, Signet Jewelers, General Mills, and Five Below have still not reported their quarterly earnings, and this can be expected this coming week. These reports can influence market sentiments and stock prices.
The US stock market saw a drop last week. Significant indices like Dow Jones and S&P 500 dropped 300 and 33 points, respectively. European stocks showed a mixed performance, but the Asian market is no different from the US. We can see a further drop in these prices if the decision doesn’t go into INvestor’s hands.
