The U.S. stock market faces a potential wildcard next week with a newly led Federal Reserve as investors worry that interest rate hikes to fight inflation could dampen enthusiasm for equities.

How this affects you

The Federal Reserve's handling of interest rates under new Chair Kevin Warsh could significantly impact the U.S. stock market, potentially causing volatility due to investor concerns about inflation and borrowing costs. This extends beyond the U.S. markets by affecting global investor sentiment given the interconnected nature of financial markets and the dollar's status as a reserve currency.