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
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 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
Ben Holmes, who heads
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.
Deutsche Banc Alex. Brown