From Financial Modeling Prep: 2024-10-01 02:50:31

Wall Street prepares for a cautious opening as investors await key economic indicators and Federal Reserve Chair Jerome Powell’s comments. Economic data, including inflation and labor market figures, will influence market sentiment. Powell’s remarks on interest rates and economic projections are highly anticipated, with markets sensitive to any hints of rate hikes or easing.

Historical patterns show market reactions to Powell’s speeches and policy decisions, with rate hikes causing volatility, especially in tech and financial sectors. Investors use historical data to predict asset class performance during monetary tightening or easing. Utilizing FMP’s Historical Earnings API and Company Rating API can identify companies with strong fundamentals. For expert analysis on market impact, Bloomberg is a trusted source.



Read more at Financial Modeling Prep:: Wall Street Eyes Lower Start Amid Data-Heavy Week:…