Market Insider

Traders count down to ECB, Fed meetings

The game has been changed for the Fed: Expert

Market attention may center Tuesday on monetary policy, as traders await major central bank meetings over the next several days.

First is the European Central Bank on Thursday, followed by the Federal Reserve next week.

"I think the market's going to be looking forward to the Fed meeting next week and any Cabinet member [appointments] coming out of the Trump headquarters," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.

"I think it's a near certainty they raise rates. The only uncertainty left for market participants is what's going to accompany the Fed meeting, the updated forecast," he said. Luschini said stocks "may come under some pressure" from hints the Fed could raise rates more quickly than the current market anticipation of about two times next year.