The Federal Open Market Committee convenes for its penultimate meeting of the year today. The FOMC is expected to leave the Fed funds rate unchanged at 6.5%, where it has been since May.
Investors will pay close attention to the committee's remarks -- to be released on adjourning -- for clues about where interest rates will head in the future. (
analyzed the implications of that statement in a separate
Elsewhere in the marketplace, a new group of companies -- including chipmaker
-- reports results.
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
- 7 a.m.:
Mortgage Applications Survey for the week ended Friday. Source:
Mortgage Bankers Associations.
Refinancing Index: Forecast: n.a. Previous: 651.2.
Purchase Index: Forecast: n.a. Previous: 310.5.
Business inventories for September. Source:
Census Bureau. Forecast: +0.3%. Previous: +0.7%.
Federal Open Market Committee meeting. Source:
Federal Reserve. The Fed's monetary policymaking committee holds its seventh meeting of the year in Washington. Any change in monetary policy will be announced at around 2:10 p.m.
Treasury buyback announcement. Source:
Bureau of the Public Debt. The Treasury announces the details of tomorrow's reverse auction.
Industrial production for October. Source:
Federal Reserve. Forecast: +0.2%. Previous: +0.2%.
Capacity Utilization: Forecast: 82.1%. Previous: 82.2%.
Consumer Comfort Index for the week ended Saturday. Source:
Money Magazine and
ABC News. Forecast: n.a. Previous: 28.