Fed Meeting in Focus With Rate Hike Expected

Durable goods orders and housing data are also due

Mar 15, 2018 at 10:20 AM
facebook twitter linkedin


The marquee event for traders next week is the Federal Open Market Committee's (FOMC) two-day policy setting meeting, with fed funds futures pricing in a nearly 89% chance of a Fed rate hike. Fed Chair Jerome Powell will also be in focus, with the new central bank head participating in his first press conference following the policy announcement. And while fourth-quarter earnings season is winding down, there are a handful of high-profile names left to report, including Dow component Nike Inc (NYSE:NKE) and chipmaker Micron Technology, Inc. (NASDAQ:MU).

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.

Amid a bare economic calendar on Monday, March 19, Atlanta Fed President Raphael Bostic will take the mic. Canadian Solar (CSIQ), Lennar (LEN), and Oracle (ORCL) will report earnings.

The two-day FOMC meeting kicks off on Tuesday, March 20. Earnings from Arcadia Biosciences (RKDA), Children's Place (PLCE), and FedEx (FDX) will be released.

Existing home sales and the weekly crude inventories update are due out on Wednesday, March 21. However, all eyes will be on the 2 p.m. ET FOMC policy announcement, and subsequent press conference from new Fed Chair Jerome Powell. Five Below (FIVE) and General Mills (GIS) will step into the earnings confessional.

On Thursday, March 22, weekly jobless claims and Markit's flash composite purchasing managers index (PMI) will be released. Nike (NKE), Accenture (ACN), Micron (MU), Conagra (CAG), Darden Restaurants (DRI), and KB Home (KBH) are on tap to report earnings.

Bostic is slated to speak again on Friday, March 23, ahead of updates on durable goods orders and new home sales. A speech from Minneapolis Fed President Neel Kashkari is also on the calendar. Finish Line (FINL) will round out the week's earnings roster.

 

 

 

These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!

 

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners