Investors are likely to be eagerly awaiting this evening's Fed meeting. In particular, the expected comments by Jerome Powell could provide the decisive impetus for the coming days and weeks.
From the perspective of the economic data calendar, the current few days will remain relatively quiet.
DAX chart on a monthly basis
Interest rate hike of 25 or 50 basis points remains open - interest rate turnaround is likely to be priced in
Investors around the globe are hoping that the US Federal Reserve (Fed) will not only initiate the long-awaited interest rate turnaround this evening, but will also consider an interest rate hike totaling 50 basis points.
However, a major adjustment in interest rates could also irritate the stock markets on the other side, as this could trigger concerns about the health of the US economy.
Both the economy and the US labor market have recently deteriorated only slightly.
Investors are expecting the FOMC press conference with Federal Reserve Chairman Jerome Powell at 20:30. The main focus is likely to be on the reasons for the key interest rate decision and the interest rate projections.
US economic data and ECB and Fed speeches round off the trading week
On Thursday, the focus is usually on US initial jobless claims (14:30). The publication of the Philly Fed manufacturing index could also attract interest at the same time.
A speech by ECB Executive Board member Isabel Schnabel will take center stage from 16:40.
New producer prices for the Federal Republic of Germany could provide fresh impetus in terms of price development on Friday at 08:00.
Last but not least, consumer confidence for the eurozone and a speech by FOMC member Patrick T. Harker are likely to attract interest.
