The Week Ahead: Fed Could Hike Rates for the First Time in a Year

The Fed's highly anticipated December meeting will be in focus

Dec 8, 2016 at 2:07 PM
facebook X logo linkedin

All eyes will be on the Federal Open Market Committee (FOMC), which will begin its December meeting on Tuesday, and is expected to announce a rate hike -- the first in a year -- on Wednesday. The meeting will be followed by a press conference with Fed Chair Janet Yellen, and the week will be punctuated by a speech from Richmond Fed President Jeffrey Lacker.

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.

The week kicks off on Monday, Dec. 12, with the release of the Treasury budget. On the earnings front, Arrowhead Pharmaceuticals (ARWR), Peregrine Pharmaceuticals (PPHM), and VeriFone (PAY) are set to report.

Tuesday, Dec. 13 brings the start of the much-anticipated FOMC meeting. The latest import and export data will hit the Street.

November retail sales and the producer price index (PPI) will be announced on Wednesday, Dec. 14, along with industrial production data, business inventories, and the regularly scheduled crude inventories report. The highlight of the day will be the conclusion of the FOMC December meeting and Yellen's subsequent press conference. Stepping up to the earnings plate are Joy Global (JOY) and Pier 1 Imports (PIR).

On Thursday, Dec. 15, the consumer price index (CPI) is due out, along with weekly jobless claims, the Philadelphia Fed business outlook survey, and the Fed balance sheet. Adobe Systems (ADBE), Jabil Circuit (JBL), Oracle (ORCL), and Sanderson Farms (SAFM) are all due to present earnings.

The week wraps up on Friday, Dec. 16 -- a quadruple-witching Friday -- with a speech from Richmond Fed President Jeffrey Lacker. As for economic data, November housing starts and the Baker-Hughes rig count will be released. There are no major earnings reports slated for release.

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI