Stay tuned today for the fed funds rate announcement from the Federal Open Market Committee. The FOMC is expected to raise the rate by a quarter-point to 6% -- its highest level since 1995. Elsewhere in the marketplace, look out for an earnings announcement from Micron Technology (MU) - Get Report and a host of lockup expirations.

Expected Earnings Report

(

This table includes an S&P 500 company only. Date is as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar

)

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.:International trade for January. Source: Commerce Department. Forecast: N/A. Previous: -$25.549 billion.
  • 9 a.m.:Federal Open Market Committee meeting. Source: Federal Reserve. An announcement on any rate decision -- almost sure to be a 25-basis-point increase in the target fed funds rate -- is expected around 2:15 p.m.
  • 9 a.m.:BTM/Schroder Weekly Chain Store Sales Index for the week ended March 18. Source: Schroder. Forecast: N/A. Previous: +0.4%.
  • 10:30 a.m.:Redbook Retail Average for the month through March 18, vs. February. Source: LJR Redbook. Forecast: N/A. Previous: unchgd. for the first two weeks of March, compared with February.

IPO Lockups Expiring

(TheStreet.com's

Ben Holmes, who heads

TSC's

ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockups and why they matter, check out Holmes' primer on the subject.

)

Lockup End

Deal Name

Symbol

Lead Underwriter

3/21/00

NetZero

(NZRO:Nasdaq)

Goldman Sachs

3/21/00

Promotions.com

(PRMO:Nasdaq)

Bear Stearns

3/21/00

yesmail.com

(YESM:Nasdaq)

Deutsche Banc Alex. Brown