The Week Ahead: Data Releases to Weigh on Rate Decision
The Fed is unlikely to raise rates this week, but fresh jobs and consumer spending numbers will be closely watched ahead of the December meeting.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser, and welcome to The Week Ahead.
The market is pricing in a less than 10% chance the Fed will raise rates at its meeting next week, but that doesn't mean investors won't be pouring over the statement for signs that the central bank will move in December. And that December decision will be greatly informed by the other data released in the week, including October's jobs number and the consumer spending report which includes the Fed's preferred inflation gauge.