Wednesday’s FOMC meeting will be the first Fed meeting for new Chairman Jerome Powell. Today should offer time to further assess growth and inflation going into Wednesday’s FOMC announcement.
The Fed is expected to raise rates a quarter of a percent, but many traders and economists will be listening to see if there are any clues about what members are thinking for future rate hikes.
As far as other economic reports go, it is quiet in the first half of the week and then things pick up starting Wednesday mainly because of the Fed.
Later in the week there are 4 different housing-related reports scheduled that some traders might find interesting.
Quarterly earnings are limited this week with an absence of noteworthy companies reporting.
But keeping that in mind, earnings are not that far down the road so remember to check for earnings before placing a trade. And good luck this week!
- Mar 21: Existing Home Sales
- Mar 21: FOMC Meeting
- Mar 22: Jobless Claims
- Mar 23: Durable Goods
- Mar 23: New Home Sales