Weekly Outlook: The Next Rate Hike?

It’s finally here. The FOMC meeting we’ve watched on the horizon for weeks will happen Tuesday and Wednesday, and with it will come an answer as to whether the Fed will raise rates for the second time since December. Fed Chair Janet Yellen has signaled that they will, and the market has responded with their expectations — a nearly 90 percent probability of a rate rise as of early Monday. Here are the week’s top economic events, and five stories you should be reading.

Economic Calendar:

Tuesday: 

NFIB Small Business Optimism Index 6:00 AM ET

FOMC Meeting Begins 8:00 AM ET

Wednesday:

Consumer Price Index8:30 AM ET

FOMC Forecasts2:00 PM ET

FOMC Meeting Announcement2:00 PM ET

Fed Chair Press Conference2:30 PM ET

Thursday: 

Housing Starts8:30 AM ET

Bloomberg Consumer Comfort Index9:45 AM ET

JOLTS10:00 AM ET

Friday: 

Baker-Hughes Rig Count 1:00 PM ET

5 Stories to Read

Why you shouldn’t doubt the future of blockchain (TechCrunch)

Gold smuggling is growing in South America (Bloomberg)

Renewable energy projects are competing with farmland (Wall Street Journal)

U.S. crude exports are hitting new records (Platts)

More students being trained to manage automation (The Atlantic)

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

Additional Recent Articles in News