Weekly Outlook: Powell’s First FOMC Meeting

The Federal Reserve meets this week, and a rate hike is highly anticipated in Jay Powell’s first meeting as Fed Chair.  To begin the week, CME Group’s FedWatch tool, which tracks Fed Funds futures positions, projects that 94 percent of traders believe a hike is coming this week. Check out the full economic calendar, and the five stories you should be reading this week.

Economic Calendar

Monday

Atlanta Federal Reserve Bank President Raphael Bostic Speech 9:00 AM ET

Tuesday

FOMC Meeting Begins 8:00 AM ET

Wednesday

FOMC Meeting Announcement 02:00 PM ET; FOMC Forecasts 2:00 PM ET; Fed Chair Press Conference 2:30 PM ET

Thursday

Leading Indicators 10:00 AM ET

Friday

Atlanta Federal Reserve Bank President Raphael Bostic Speech 8:10 AM ET; Minneapolis Federal Reserve Bank President Neel Kashkari Speech 10:30 AM ET

Five Stories to Read

The Fed moves into the Jay Powell era (Financial Times)

Putin gets a fourth term in Russia (New York Times)

What record-low unemployment looks like (Bloomberg)

China’s infrastructure plan will reach 62 percent of the world’s population (Business Insider)

Why U.S. oil exports are surging (OilPrice.com)

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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