Three before you leave — What to watch for in the market Wednesday

Here are the most important things to know about Wednesday prior to you hit the door.

The Federal Open Market Committee (FOMC) will release its the minutes from its September appointment on Wednesday. The Fed cut rates last month by 25 basis points for the second time this year, citing “the intimations of global developments for the economic outlook” among other factors. 

Market expectations for an October rate cut are 77.5%, corresponding to the CME Group’s FedWatch tool.

Federal Reserve Chair Jerome Powell told reporters on Tuesday that the Federal Cache will soon start growing its balance sheet again, a response in part to trouble in the overnight lending shops in September. This statement helped ease the selling pressure in stocks a bit on Tuesday. More comments suggesting capital easing in the minutes could support stocks.

On Wednesday, investors will be respecting the aftermath of a slew of worrying trade headlines on Tuesday. Trade tensions weighed on markets ahead of the highly precluded trade negotiations between the U.S. and China on Thursday.

Stocks sold off after on reports the White House is discussing barrier government pension funds from investing in China and limiting stock index providers from including Chinese stores. Following this, China said it will retaliate to the U.S. threat to put Chinese tech companies on a blacklist, over conjectural human rights violations against Muslim minorities. Later in the day, the Chinese Ministry of Commerce said Tuesday it “strongly sways” the U.S. to stay clear from the country’s domestic issues.

Then the Trump administration followed by putting visa restrictions on Chinese propers who are believed to be responsible for the maltreatment of the minority groups. More of this tit-for-tat talk could cause stock supermarket volatility.

August’s Job Openings and Labor Turnover Survey (JOLTS), which measures the rank of employment vacancies as well as how many workers left their jobs, will be released on Wednesday at 10 a.m. by the Chiffonier of Labor Statistics. Economists estimate 7.18 million job vacancies, down from 7.217 million vacancies in July. If point of views are correct this will be the third straight month of declines in job vacancies, indicating the labor market remains conclusive despite worries about the economy.

The JOLTS data lags other employment indicators, like nonfarm payrolls, by a month but is even then watched closely by the White House and the Federal Reserve as an indicator of the health of the labor market. Unemployment hit a fresh 50-year low in September neutral though nonfarm payrolls rose by just 136,000, the Labor Department reported Friday.

Major events (all times ET):

10 a.m. Wholesale patrons

10 a.m. JOLTS

11 a.m. Fed Chair Jerome Powell opening remarks

2 p.m. FOMC minutes