The Federal Open Market Committee meeting dominates this week’s calendar. Economists and investors will be looking closely at its updated growth, unemployment and inflation projections, and the so-called “dot plot,” or the prediction of federal funds rates from each FOMC participant.
What follows are calendar highlights for the week. (All times are Eastern Daylight Time; forecasts by analysts/economists polled by Zacks and Bloomberg.)
Federal Reserve Events
Tuesday, June 17
Federal Open Market Committee meeting begins
Wednesday, June 18
FOMC meeting announcement, 2 p.m.
FOMC Forecasts, 2 p.m.
Press conference with Fed Chair Janet Yellen, 2:30 p.m.
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Economic Reports
Monday, June 16
Empire State Manufacturing Survey, 8:30 a.m.
Treasury International Capital, 9 a.m.
Industrial Production 9:15 a.m.
Housing market Index, 10 a.m.
Tuesday, June 17
Consumer Price index, 8:30 a.m.
Housing Starts, 8:30 a.m.
Wednesday, June 18
EIA Petroleum Status, 10:30 a.m.
Thursday, June 19
Jobless Claims, 8:30 a.m.
Philadelphia Fed Survey, 10 a.m.
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Company Earnings Reports
Tuesday, June 17
Adobe Systems, Inc. (Consensus estimate: 16 cents a share)
La-Z-Boy, Inc. (33 cents a share)
Wednesday, June 18
FedEx Corp. ($6.68 a share for FY and $2.36 for Q4)
Red Hat, Inc. (22 cents a share)
Thursday, June 19
Kroger Co. ($1.05 a share)
Oracle Corp. ($2.78 a share for FY; 92 cents a share for Q4
Rite Aid Corp. (4 cents a share)
Friday, June 20
CarMax, Inc. (67 cents a share)
Darden Restaurants, Inc. ($2.45 for FY; 93 cents for Q4)
Pier 1 Imports (20 cents a share)
Best wishes,
The Money and Markets Team
