The Week Ahead Sees Chairman Janet Yellen's Last FOMC Meeting
The Dow Jones Industrial Average, S&P 100 and NASDAQ 100 were higher for the week. However, the Russell 2000 was lower for the week.
1.Geopolitical and Fiscal Events. Tuesday sees the FOMC begin a two day meeting. Wednesday sees the FOMC conclude its meeting and hold a press conference. Thursday sees the BOE, ECB and SNB announce their latest interest rate decisions..
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications, jobless claims and CPI, PPI, retail sales and industrial production.
3.Earnings Releases. Notable releases include CASY PAY JWN ORCL ADBE COST JBL SAFM.
Monday, December 11
The latest short interest data for the NYSE and NASDAQ is due out after the close. The collection period is from November 15th settlement through settlement of November 30th.
Tuesday, December 12
November PPI is released at 8:30 a.m. EST and is expected to come in at 0.3% from 0.4% for October.
The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.
Alabama holds a special election to replace Senator Jeff Sessions who became attorney general. The Republican candidate is Judge Roy Moore and the Democratic candidate is Doug Jones.
Wednesday, December 13
South Korean President Moon Jae-in begins a four day state visit to China.
November CPI is due out at 8:30 a.m. EST and is expected to rise to 0.4% from 0.1%.
The Federal Reserve Open Market Committee (FOMC) concludes its last meeting of the year and the last of Janet Yellen’s tenure with the announcement of an expected rate increase at 2:00 p.m. EST. A press conference with Chairman Yellen follows at 2:30 p.m. EST.
Thursday, December 14
The Bank of England (BOE), European Central Bank (ECB) and Swiss National Bank (SNB) each release their latest interest rate decisions. No increases are expected.
November Retail Sales is due out at 8:30 a.m. EST and is expected to rise to 0.3% from 0.2%.
Friday, December 15
November Industrial Production is due out at 9:15 a.m. EST and are expected to fall to 0.3% from 0.9%.