Tomorrow is expected to bring the first Federal Reserve rate hike since 2023. Oil spiked and tech stocks stumbled Monday amid AI slowdown fears. The 10-year yield topped 5%.
The U.S. Department of Agriculture (USDA) released its highly anticipated September World Agricultural Supply and Demand Estimates (WASDE) report on Friday, September 11.
European equities may have support from global growth, improving fundamentals, lower relative valuations, and fiscal spending—plus diversification from the AI cycle.
Last Friday's 0.3% monthly core CPI growth for August raised chances of a Fed rate hike Wednesday. Data is thin, so oil and a possible test of 5% for the 10-year note could be key.
With little other macroeconomic data on the horizon this week, the FOMC will take center stage. Schwab's Kevin Gordon examines past hike cycles in his look at the Week Ahead.
Stocks remained range-bound, but underlying market volatility, sector rotation, rising oil prices, Treasury yields, and positioning ahead of next week's FOMC meeting kept the outlook cautious as equities tested key support levels.
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