Four major U.S. banks are set to release their Q4 earnings reports this week. Ahead of an expected increase in interest rates, investors may be waiting to see how these financial firms have performed over the fourth quarter of 2021.
Federal Reserve Chairman Jerome Powell has released his opening statements ahead of his Tuesday confirmation hearing. His remarks seem to mark an approaching shift in the central bank’s monetary policy for 2022.
As Omicron variant-related news spread across the globe, stocks and futures in key indices fell on Monday morning. It seems that investors and traders may be adopting risk-averse behavior as much about Omicron’s economic effects remains unknown.