What to Expect in the Week Ahead (Fed Meeting, Inflation Data; ORCL and ADBE Earnings)
It will be an eventful week on the macro front for investors and Federal Reserve watchers. November inflation data and a monetary policy decision will be the highlights.
On Tuesday morning, the Bureau of Labor Statistics will report the November Consumer Price Index. The Federal Open Market Committee concludes a two-day meeting on Wednesday afternoon. Markets are expecting an increase of 0.5 percentage point in the fed-funds rate, to a target range of 4.25% to 4.50%, following four-straight 0.75 point hikes. The FOMC will also publish its latest Summary of Economic Projections.
Other economic data out this week will include the Census Bureau's retail sales data for November on Thursday. The European Central Bank will announce a monetary policy decision on Thursday. A 0.5 percentage point hike is the consensus prediction.
Earnings highlights this week will be $Oracle(ORCL.US$ on Monday, $Lennar Corp(LEN.US$ on Wednesday, and $Adobe(ADBE.US$ on Thursday. $Winnebago Industries(WGO.US$, $Darden Restaurants(DRI.US$, and $Accenture(ACN.US$ will all go on Friday.
Monday 12/12
$Oracle(ORCL.US$ reports earnings for its fiscal second quarter. Analysts are looking for $1.17 per share, down from $1.21 a year ago.
Tuesday 12/13
$Photronics(PLAB.US$, $ABM Industries(ABM.US$, and $PHX Minerals(PHX.US$ announce quarterly financial results.
The Bureau of Labor Statistics releases the consumer price index for November. Economists forecast that the CPI will show an increase of 7.3%, year over year, following a 7.7% jump in October. The core CPI, which excludes volatile food and energy prices, is expected to be up 6.1%, compared with 6.3% in October.
Wednesday 12/14
The Federal Open Market Committee concludes its final two-day meeting of the year. "The time for moderating the pace of rate increases may come as soon as the December meeting," Chairman Jerome Powell recently said.
The Bureau of Labor Statistics releases its Export Price index, which is believed to have fallen 0.85% in November, after a 0.3% drop in October. Import prices are expected to be down 0.5%, after a 0.2% dip in October.
Thursday 12/15
The European Central Bank begins its two-day policy meeting in Frankfurt.
The Philadelphia Fed Index, a monthly measure of manufacturing activity, is released. Economists expect a negative 15 reading for December, compared with a negative 19.4 in November.
The Federal Reserve releases November industrial production figures, which measure the output of factories, mines, and utilities. Expect a 0.2% seasonally adjusted rise, after a 0.1% drop in October.
Friday 12/16
$Winnebago Industries(WGO.US$, $Darden Restaurants(DRI.US$, and $Accenture(ACN.US$ host earnings conference calls.
Sectors Performance
Source: Finviz, Dow Jones Newswires, Market Watch
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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70185181 : Federal Reserve officials like to read historical records so much that they always want to copy historical work, so they raise interest rates directly to 20%. Long pain is not as good as short pain. Let the dollar, US debt, US stocks, and Christmas go to hell.
Giovanni Ayala : This is Ridiculous
StlCtyPreach : It's simple...
rally. Then we will get a 75bps rate hike that will bring us down another 
leg. Then we'll be sideways, at least until the next catalyst... regulation, maybe?!
It'll be a good CPI which will lead to a
lightfoot : if they keep spending we will pay higher prices . The IR will have very little effect accept those borrowing money. If they keep spending how high will the IR have to be to curtail inflation. If we have one catastrophic event, our government has screwed us all really bad. No reserves, shortages all around. Can't fix stupid Hey Biden
Bradkim69 : Awesome