Fed Minutes and Economic Updates Set Stage for Wall Street Volatility
Wall Street is set for a busy week ahead, packed with key economic updates and insights into the Federal Reserve's recent decision to raise interest rates. The data points will provide investors and economists with more information about how businesses and households are adapting to high inflation.
The Institute for Supply Management will release its monthly service sector index for September on Monday, which covers a significant portion of U.S. economic activity. This report will help gauge whether the sector is expanding or contracting.
On Wednesday, the minutes from the Fed's last meeting will be released, offering more details about the central bank's interest rate policy and its thinking on inflation and the job market.