Fed decision, Instacart IPO and UAW strike top week ahead

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Investors will be closely watching the Federal Reserve’s decision on interest rates, as well as the ongoing UAW strike against Ford, GM and Stellantis in the coming week. Tuesday, September 19 Biden in NYC AutoZone will report earnings after the bell and could provide details on the impact of the ongoing UAW strike against Detroit’s Big Three automakers.

The strike, which began Friday, could cost the economy nearly $6 billion over just nine days.

LOOMING UAW STRIKE COULD COST US ECONOMY MORE THAN $5B IN JUST 10 DAYS United Auto Workers members on a picket line outside the Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, on Friday, Sept. 15, 2023. The UAW began an unprecedented strike at all three of the legacy Detroit carmakers, kicking off a potential

(Emily Elconin/Bloomberg via Getty Images / Getty Images) In economic news, building permits and housing starts will be released. The United Nations Headquarters in New York City

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Instacart aims for valuation of up to $10 billion in upcoming IPOGrocery-delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday.

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UAW Michigan Assembly Picket LineUAW Michigan Assembly Picket Line (34 photos)

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UAW strike: Gretchen Whitmer needs to avoid Michigan speed bumps ahead of 2028Gov. Gretchen Whitmer (D-MI) is dealing with a major auto strike in her state that could pour cold water on her political ambitions if she fails to navigate it properly.

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