The Federal Reserve has clearly broadcasted that it will increase interest rate by a quarter percentage point from zero, and it is anticipated to declare that move at the conclusion of its two-day meeting on Wednesday.
The economic reports about producer price index, retail sales and existing home sales will also be released in this week.
Steve Massocca, managing director at Wedbush Securities said, “Earnings are over. Monetary policy is obviously going to be important here. I don’t see the Fed surprising anyone next week. It’s going to be a quarter point and then step into the background and watch what’s happening in Europe.”
An increase in oil prices threatened investors, with crude oil prices increasing to $130 at the beginning of the last week but were trading at $110 on Friday.
The federal reserve’s statement from Fed Chair Jerome Powell will be watched closely on Wednesday for guidance on how federal reserve officials see the Ukraine crisis, and how it could matter in their outlook and the road ahead for interest rates.