estimates. And investors view this data run as a sign the Fed will elect not to raise rates at the conclusion of its September 19-20 policy meeting.markets on Friday were pricing in a 94% chance the Fed keeps rates unchanged later this month, up from 80% the prior week. Bets on another rate hike in November also dropped as of Friday, to 34% from 47% the week prior.
President of the European Central Bank Christine Lagarde, Bank of Japan Gov. Kazuo Ueda , and chair of the Federal Reserve Jerome Powell speak during the Jackson Hole Economic Symposium at Jackson Lake Lodge on August 25, 2023 near Jackson Hole, Wyoming. "The August employment report gives the Fed plenty of room to leave policy steady through this year and into next," Sweet wrote.
And though developments in the economy may be favorable for the Fed — and by extension, investors — those looking at the seasonal forces in play for the stock market may find fewer positives in the coming week.. Dating back to 1945, September has historically been the year's worst month for the S&P 500 with the index falling, on average, 0.7% during September and logging gains less than half the time., the rally to start 2023 might put history on the side of investors.