Housing Data, FOMC Meeting, Stitch Fix Earnings: 3 Things to Watch

By Liz Moyer

Investing.com -- Stocks wavered in choppy trading on Monday as investors prepared to hear from the Federal Reserve about its next interest rate move.

The central bank's policy meeting begins Tuesday, and the decision will come out Wednesday, followed by a press conference featuring Chair Jerome Powell. Most Fed watchers expect a three-quarter point increase in the benchmark rate as the Fed pushes to get inflation back down to its 2% target. But there are some people predicting a larger full-point increase. 

The Fed has made it clear it prioritizes getting inflation under control over causing pain to the economy, despite the recession fears that stance has created. 

The rush away from risk assets in anticipation of another rate increase has spread across stocks and into cryptocurrencies, with the price of Bitcoin falling below $19,000 earlier Monday before retracing some of its decline.

September is usually unkind to stock investors, but people will be watching for the next round of corporate earnings to flood in starting in October. 

Here are three things that could affect markets tomorrow:

1. Housing data

More data from the real estate sector is due out at 8:30 ET (12:30 GMT), including August housing starts, which analysts expect to be 1.445 million on an annualized basis. August building permits data are also due, and analysts expect 1.610 million annualized. Both would be down from the prior month's readings.

2. Fed meeting

The two-day meeting of the Federal Open Market Committee begins Tuesday, with most people expecting to see a 0.75 percentage point increase when they announce their decision on Wednesday. But we will also hear about Fed expectations for inflation, employment and other economic measures.

3. Stitch Fix earnings

Stitch Fix (NASDAQ:SFIX) is expected to report earnings, with analysts expecting a per-share loss of 63 cents on revenue of $488.7 million.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network
  • London Office
    One Financial Markets 

    1 Finsbury Market
    EC2A 2BN
    United Kingdom

    T:  + 44 ( 0 ) 203 857 2000
    E:  info@ofmarkets.com
  • Dubai Office
    One Financial Markets 
    OT19-39 Central Park Tower
    Dubai International Finance Centre
    United Arab Emirates
    T: + 00 971 44 22 888
    E:  info@ofmarkets.com

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

www.onefinancialmarkets.com is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: