The Market Screener Marketscreener

Investors are still assessing Wednesday’s hawkish comments from the Fed as well as the many signals that the US economy is cooling. After reaching new highs yesterday, Wall Street indices retreated in premarket trading on Friday.

The Fed and its chairman Jerome Powell reclaimed the narrative yesterday, as it revised downwards its projections for the pace of rate cuts this year. Powell said that we should only expect one more rate cut this year, probably in December.

A big day ahead for the financial markets, with the Fed’s decision on key rates. Will they come down sooner than expected? The answer will come this afternoon. This morning, investors cheered better-than-expected inflation readings.

While Wall Street changes its forecast on key interest rates again and again, Europe sees a rise in the far-right protest vote in parliament. The week will be marked by two central bank meetings, including the eagerly-awaited US Fed meeting.

Investors were eagerly awaiting one of their favorite data, that has the power to take markets to new records, or get them to recede. I’m talking about the monthly US employment figures - known as the NFP report.