– Cryptocurrencies and traditional markets remain uncertain this week as Fed rate hike talks intensify and earnings announcements are expected this week.
According to the latest FactSet data, Q4 earnings growth was 1.6%. Last month, analysts lowered their Q1 profit forecasts by 1.4%, below the five-year average of 2.1%.
On Sunday night, U.S. Federal Reserve Chairman Jerome Powell, in an interview on the “60 Minutes” program, dispelled investor expectations of a March rate cut, suggesting the central bank could be “cautious” in its timing.
Market developments will be heavily influenced by corporate results, which will be released this week and will test the strength of the recent market rally. According to various financial sources, more than 100 companies in the S