The most important events this week:
1. Federal Reserve monetary policy decision - Wednesday
2. Powell's press conference - Wednesday
3. Microsoft earnings $MSFT - Wednesday
4. Tesla earnings $TSLA - Wednesday
5. Meta earnings $META - Wednesday
6. Initial unemployment claims - Thursday
7. Apple earnings $AAPL - Thursday
8. Inflation rate according to the Producer Price Index in the United States - Friday
9. Deadline for the closure of the U.S. government - Friday
This week is one of those weeks where macroeconomic factors, monetary policy, and earnings from major companies intersect, which usually leads to increased volatility even if the index stabilizes by the end of the week.
In terms of monetary policy, the Federal Reserve decision and Powell's press conference will be analyzed with less focus on the interest rate movement itself, and more focus on the statements regarding ongoing inflation and financial conditions. Historically, when weeks of Federal Open Market Committee meetings coincide with announcements of earnings from giant companies, the volatility of the S&P 500 index during the day increases by between 25 and 30% above average, even without any change in direction.
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