The 2 things that will determine whether last week's stock market rally will continue this week

Last week was strong as stocks staged a comeback following favorable updates on inflation and a slew of companies at various analyst conferences. September is known as the worst month of the year for stocks. While all three Wall Street benchmarks are still slightly lower for the month, last week's rally pushed the S & P Short Range Oscillator back up toward an overbought market condition. The wildcard this week is the Federal Reserve's latest meeting.

The market odds, according to the CME FedWatch Tool , are 50/50 — split right down the middle on whether central bank policymakers will cut a quarter percentage point or a half percentage point. The current range for the fed funds overnight bank lending rate, which is what everyone is referring to when talking about cutting interest rates, is 5.25% to 5.5%.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Don't Panic Sell: September Stock Market Weakness Rooted in HistoryWhile September has historically been a weak month for the stock market, experts advise against selling out. The seasonal trend likely stems from historical banking and farming practices, now ingrained in investor psychology.
Fonte: NBCDFW - 🏆 288. / 63 Leggi di più »