Even though the Fed’s next meeting about interest rates isn’t for a few months, investors continued to fret about the potential of higher rates last week. And that worry will likely spill over into this week. Mid-month and the start of a brand new quarter mean there will be plenty for investors to digest on several different fronts.
On deck for the next seven days are plenty of data points that the Fed uses in their interest rate evaluations, including measures of inflation, industrial activity and consumer health. And speaking of the actual interest rate calculations, the Fed’s last FOMC minutes will also make an appearance this week.
In addition to plenty of data, the number of earnings reports released will be numerous over the next few days. The start to the official earnings season hasn’t happened yet, but we are beginning to see more and more firms reporting their third-quarter earnings. That will ramp up by the end of this week.
And, as always, the uncertainty overseas could impact this week’s trading as well.
Monday
The markets will be open on Monday. However, thanks to the Columbus Day holiday, U.S. banks will be closed and volume should be lower than normal. It also means there won’t be any economic data released on the day. Nor will there be any dividend-related earnings announced.
