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The Federal Reserve’s interest-rate decision on Wednesday will be the main event during a week with several notable earnings reports and investor days, plus the latest economic data.
The Federal Open Market Committee concludes a two-day meeting on Wednesday afternoon, with a decision due at 2 p.m. ET. Chairman Jerome Powell will hold a press conference 30 minutes later. Futures markets-implied odds of changes in the federal-funds rate have swung wildly after a series of bank crises. Going into the week, odds were leaning toward a quarter-point hike.
Central-bank watchers will also be awaiting a decision from the Bank of England on Thursday. Back in Washington, Treasury Secretary Janet Yellen will testify before Congressional subcommittees on Wednesday and Thursday. She’s expected to discuss the recent turmoil in banks, President Joe Biden’s fiscal-2024 budget proposal, and the latest on the U.S. debt ceiling.
Companies reporting this week will include
Nike
on Tuesday,
Chewy
on Wednesday, and
Accenture
,
Darden Restaurants
,
and
General Mills
all on Thursday. Investor meetings will be hosted by
Adobe
and
Nvidia
on Tuesday,
Autodesk
on Wednesday, and
Altria
Group and
Chevron
on Thursday.
The economic-data highlights of the week will fall…
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