Top 3 things to watch by Investing.com

Investing.com – Here's an overview of the top 3 things that could upset the markets tomorrow.

1. The Fed's minutes come after Powell's dovish speech

The market has certainly treated Federal Reserve Chairman Jerome Powell as a pact of concern, citing the possibility of lower interest rates next year.

Tomorrow, investors will have the chance to badyze the latest meeting of the FOMC to detect further signs that the Fed is moving away from its slow and steady stimulus plan.

The Fed has kept its key interest rate in a range of 2% to 2.25% at the end of its two-day political meeting on November 2nd, but has announced a plan for further rate hikes to to control inflation, three of which are probable. in 2019.

But Powell's comments that rates are currently just below the neutral point of view have led equity investors to believe that two more increases could leave the Fed in an ideal position.

Traders are currently counting on a 40.5% probability of a Fed Funds ranging from 2.5% to 2.75% after the Fed meeting of October 30, 2019, a rate higher than the day before, according to Investing .com. Those who predicted rates as high as 2.75% to 3% declined from the previous day.

2. Inflation data, expected pending home sales

On the economic calendar, the Fed's favorite inflation gauge, personal consumption spending, excluding food and energy, comes before the opening bell.

Published with personal income and expenditure figures from October at 8:30 am ET (1:30 pm GMT), the should record a rise of 0.2% for the month, an annual gain of 1.9%. The Fed prefers to target core CPE inflation below 2%.

and should increase by 0.4%.

At the same time, every week, economists predict a slight decline to 221,000.

At 10 am, the National Association of Realtors will release the October figures, revealing new disappointing data on home sales today.

On average, economists expect a rise of 0.8% for the month.

3. Dollar Tree, Abercrombie able to report

Retailer profits continue to grow, with the Dollar Tree Discount Store (NASDAQ 🙂 reporting before the exchange. These will be for a long time in the hope of avoiding a repetition of the results of the previous quarter, where the lower forecasts had tarnished the stocks.

Analysts predict an increase of $ 1.15 per share for a business turnover of about $ 5.5 billion.

Stocks have stagnated around the same area since the August 30 warning that pushed stocks from the mid-1990s to the bottom $ 80.

Also before the bell in retail, Abercrombie & Fitch (NYSE 🙂 will release its latest.

HP (NYSE 🙂 will be after the close of trading.