The upcoming week on Wall Street is set to be a crucial one, with all eyes on the US Federal Reserve’s monetary policy meeting. After the release of 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.
Several major companies are also scheduled to report quarterly earnings in the week ahead, including StoneCo, Micron Technology, Nike, FedEx, and Lululemon, among others.
Last week, US stocks fell as investors considered the interest rate outlook ahead of the Fed meeting. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw declines. The yield on the 10-year Treasury rose slightly, while the US dollar and crude oil prices fluctuated.
Overall, the week ahead is shaping up to be a pivotal one for Wall Street, with a mix of economic data, earnings reports, and the highly anticipated Fed meeting on the agenda. Investors will be closely watching for any signals on the future direction of monetary policy and its impact on the markets.
