On Tap Today: Oh, the Suspense: Fed Announces Its Foregone Conclusion - TheStreet

All Wall Street eyes will turn languidly to Washington this afternoon as the Federal Open Market Committee all but certainly announces no change in its target fed funds rate. Then they'll focus elsewhere, on today's smattering of earnings reports and other news.

Expected Earnings Reports

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This table includes S&P 500 companies only. Dates are as expected according to First Call/Thomson Financial and may change.

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Economic Data

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Forecasts are from

Reuters

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

TSC's

Economic Databank.

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  • 7 a.m.: Mortgage Applications Survey for the week ended Friday. Source: Mortgage Bankers Association. Includes Refinancing Index. Forecast: N/A. Previous: 329.3. Also includes Purchase Index. Forecast: N/A. Previous: 305.7.
  • 8:30 a.m.: Durable goods orders for May. Source: Census Bureau. Forecast: 2.8%. Previous: -6.5%.
  • 9 a.m.: Federal Open Market Committee meeting. Source: Federal Reserve. The Fed's monetary policy committee concludes its fourth meeting of the year. Any change in policy will be announced around 2:15 p.m.
  • 9 a.m.:Treasury buyback announcement. Source: Bureau of the Public Debt. The Treasury announces the details of tomorrow's reverse auction.
  • 2:30 p.m.:Treasury auction. Source: Bureau of the Public Debt. The Treasury announces the results of its monthly two-year note auction, at which $10 billion of securities will be sold, with bids due at 1 p.m.
  • 6:30 p.m.: Consumer Comfort Index for the week ended Saturday. Source: Money Magazine and ABC News. Forecast: N/A. Previous: 24.

Lockup Expirations

(TheStreet.com's

Ben Holmes, who heads

TSC's

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.

)