Market Insider

Fed, jobs could drop more rate clues in week ahead

Is the market rooting for a rate hike?

Strong or weak, September's jobs report could sway the debate in the week ahead about when the Federal Reserve will hike rates, while markets also watch Washington to see if the budget battle is going to get any worse.

There is also a flock of Fed speakers making about a dozen appearances. That includes the core of the Fed: Fed Chair Janet Yellen, New York Fed President William Dudley and Fed Vice Chairman Stanley Fischer.

"I think the hawks will be important, but to get a nod from Dudley and Fischer that they're ready [to hike rates], too, that's the signal you need," said John Canally, investment strategist and economist at LPL Financial. "They're the center of gravity, along with Yellen."