The Fed meets for the first of two days to set the fed funds rate. At the same time, earnings reports from consumer companies and economic indicators gauging consumer moods may show the influence of this year's rate hikes.
Redbook Retail Average for the month ended Saturday and the
BTM/Schroder Weekly U.S. Retail Chain Store Sales Index for the week ended Saturday are due this morning, both within the same hour as the
Consumer Confidence Index
Food and shelter are important everyday, but especially today. Cereal maker
Kaufman & Broad
are slated to report their quarterly earnings today.
Also reporting today, are
National Service Industries
-- a producer of lighting equipment, chemicals, textile rental, and envelopes.
Expected Earnings Reports
This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial and may change.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 9 a.m.:
BTM Weekly U.S. Retail Chain Store Sales Index for the week ended Saturday. Source:
Schroder . Forecast: N/A. Previous: 0.1%.
Consumer Confidence Index for June. Source:
Conference Board. Forecast: 140.1. Previous: 144.4.
Redbook Retail Average for the month through Saturday. Source:
LJR Redbook. Forecast: N/A. Previous: -0.1%.
Federal Open Market Committee meeting. Source:
Federal Reserve. The Fed's monetary policymaking committee convenes in Washington for the first day of a two-day meeting. Any change in monetary policy will be announced at about 2:15 p.m. Wednesday.
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. The full current lockup list is published separately.