The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.
The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.
Earnings reports this week are few, but will include
Campbell Soup on Tuesday;
Rivian Automotive, and
Adobe on Thursday; and
Darden Restaurants on Friday.
Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.
Other data releases include the National Federation of Independent Businesses’ sentiment index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.
PHX Minerals host earnings conference calls.
Campbell Soup, Barnes Group, and
Avaya Holdings host investor days.
The Bureau of Labor Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%,…