Weekly Outlook: FOMC Week

The Federal Reserve is widely expected to announce another rate increase this week following their meeting Wednesday. Ninety nine percent of Fed Funds futures traders expect a rate increase to occur.  The consumer price index will look to rebound when it is announced Wednesday following weak reports in March and April.

Economic Calendar

Monday

Treasury Budget 02:00 PM ET

Tuesday

FOMC Meeting Begins 08:00 AM ET

Wednesday

Consumer Price Index 8:30 AM ET

FOMC Forecasts 02:00 PM ET

Fed Chair Press Conference 02:30 PM ET

Thursday

Friday 

Housing Starts 08:30 AM ET

Dallas Federal Reserve Bank President Robert Kaplan Speech 12:45 PM ET

 

5 Stories to Read

China is scouring the world for farmland (Bloomberg)

U.S. natural gas is going global (Wall Street Journal)

Why the U.K. vote may be a repeat of 1974 (Marketwatch)

Bitcoin is not the fastest growing crypto currency (Coindesk)

Does the FOMC need to raise rates this week? (The Economist)

 

 

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.

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