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On Tap Today: Fed Announces Hike; Amazon Presents at Confab, Reports Results

Check out today's big earnings reports, economic data, Banc of America conference schedule and more, right here.
Author:

Decision time arrives at last around 2:15 p.m. EST, when the

Federal Open Market Committee

announces its interest-rate move. One can predict some kind of rate hike with metaphysical certitude, as

John McLaughlin

would say. Almost everyone on Wall Street is predicting a 25-basis-point rise in the

fed funds rate

, but there's some small chance of an aggressive 50-point move.

Amazon.com

(AMZN) - Get Amazon.com, Inc. Report

is among the leading presenters as the

Banc of America Securities Technology Week 2000

conference continues, and the e-commerce giant is expected to report its fourth-quarter results today as well. See others on the earnings and conferences slates below.

Expected Earnings Reports

(

This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

)

* Possibly reporting

TheStreet Recommends

Economic Data

(

Forecasts are from

Reuters

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

TSC's

Economic Databank.

)

  • 7 a.m.:Mortgage Applications Survey for the week ended Jan. 28 -- Refinancing Index. Source: Mortgage Bankers Association. Forecast: N/A. Previous: 413.6.
  • 7 a.m.:Mortgage Applications Survey for the week ended Jan. 28 -- Purchase Index. Source: Mortgage Bankers Association. Forecast: N/A. Previous: 286.1.
  • 10 a.m.:Leading economic indicators for December. Source: Conference Board. Forecast: N/A. Previous: +0.3%.
  • 8:30 a.m.:New home sales for December. Source: Census Bureau. Forecast: 814,000. Previous: 865,000.
  • 6:30 p.m.:Consumer Comfort Index for the week ended Jan. 29. Source: Money Magazine and ABC News. Forecast: N/A. Previous: 35.

Conferences and Meetings

Federal Open Market Committee

meeting, Washington. Last of two days.

Banc of America Securities Technology Week 2000

,

Ritz-Carlton

, San Francisco. Second of four days. Public companies presenting today (times Eastern):

Treasury Auctions

  • Refunding announcement: The Treasury Department announces the size of its next quarterly refunding. Five-, 10- and 30-year notes and bonds will be sold next Tuesday, Wednesday and Thursday.