The Week Ahead: Fed Presidents Take the Mic; GDP In Focus

A number of regional Fed presidents are set to talk, as traders await the final reading on second-quarter GDP on Thursday

Sep 22, 2016 at 10:30 AM
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Coming off the Federal Open Market Committee's (FOMC) most recent policy decision, Fed talk is set to dominate Wall Street for yet another week. Specifically, traders will hear from a number of regional Federal Reserve presidents, as well as Fed Chair Janet Yellen. Much attention will also be paid to the final reading on second-quarter gross domestic product (GDP), which will be released on Thursday. The earnings calendar is rather bare for the week, though blue chip Nike (NKE) is scheduled to report

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, September 26

The Dallas Fed manufacturing survey and new home sales will kick off the week's economic data. Meanwhile, traders will hear from Minneapolis Fed President Neel Kashkari and Dallas Fed President Robert Kaplan. Cal-Maine Foods (CALM), Carnival (CCL), and Vail Resorts (MTN) will report earnings. 

Tuesday, September 27

The S&P/Case-Shiller home price index and Conference Board's consumer confidence survey will be released Tuesday. NKE and Cintas (CTAS) make up the earnings slate.

Wednesday, September 28

On Wednesday, Wall Street will digest durable goods orders, weekly crude inventories, and comments from several regional Fed presidents. Among those expected to speak are Neel Kashkari once again, St. Louis Fed President James Bullard, Chicago Fed President Charles Evans, Cleveland Fed President Loretta Mester, and Kansas City Fed President Esther George. For earnings, Blackberry (BBRY) and Pier 1 Imports (PIR) will report. 

Thursday, September 29

The final reading on second-quarter GDP highlights Thursday's economic schedule. Pending home sales, international trade data, and weekly jobless claims will also be released. Elsewhere, Fed Chair Janet Yellen will participate in a conversation at the Kansas City Fed's Minority Bankers Forum. Philadelphia Fed President Patrick Harker, Atlanta Fed President Dennis Lockhart, Kansas City Fed President Esther George, and Fed Board Governor Jerome Powell will all speak throughout the day, as well.  

Accenture (ACN), Conagra (CAG), Costco (COST), and PepsiCo (PEP) comprise the earnings calendar.
Friday, September 30

Rounding out the week are personal income and spending, the Chicago purchasing managers index (PMI), and consumer sentiment. McCormick (MKC) is the only company set to report earnings. 

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