Wall Street is bracing for an eventful day on Tuesday as the
Federal Reserve will hold a policy meeting and decide whether to lower interest rates again. Many market watchers expect the Fed to drop rates by an additional 50 basis points, bringing the
fed funds target rate to 4%. Lately, though, some experts have been scaling back their expectations to a 25-basis-point cut.
took a look at the possible cut and what might happen as a result of the Fed's actions.
On the earnings front,
will release their numbers.
Check out the
complete list of today's earnings announcements.
Forecasts are from
. Times are Eastern. For a longer-term economic calendar and more, see
- 9 a.m.:
Federal Open Market Committee. Source:
BTM-UBSW Weekly Store Sales Index for the week ended May 12. Source:
Bank of Tokyo-Mitsubishi and UBS Warburg. Forecast: n.a. Previous: -0.5%.
Redbook Retail Average for the month through May 12, vs. April. Source:
LJR Redbook. Forecast: n.a. Previous: +0.8%.
IPO Lockups Expiring
Michael Falbo, who writes a column for
ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockup expirations and why they matter, check out Ben Holmes' primer on the subject. The full lockup expiration list is published separately. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out
IPO data section.
Array Biopharma Inc.
Salomon Smith Barney