H&W in the Media

Wall Street readies for earnings, volatility


Wall Street will also have plenty of economic data and comments from Federal Reserve policymakers to digest as the timing of a rate hike remains uncertain.

“I think there’s still more volatility ahead until the Fed confirms the U.S. economy is on good footing,” said Kevin Mahn, chief investment officer of Hennion & Walsh Asset Management.

The Fed’s September meeting minutes released this past Thursday indicated policymakers were further from raising rates last month than many thought, as FOMC members were concerned about reaching their inflation target and the impact of a global economic slowdown. Fed speakers have generally maintained the central bank could still raise rates this year.

Chicago Fed President Charles Evans is scheduled to speak again Monday, as is Fed board member Lael Brainard. On Tuesday, St. Louis Fed President James Bullard is due to present remarks, while the New York Fed’s William Dudley speaks Thursday.

The Federal Reserve’s Beige Book, a report of regional economic activity in the United States, is due for release Wednesday.

Other key data out next week include retail sales and the producer price index Wednesday, and the consumer price index Thursday. Industrial production, the Job Openings and Labor Turnover Survey and consumer sentiment are due Friday.

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