All eyes will be on the Fed next week, as the Federal Open Market Committee's (FOMC) highly anticipated June meeting gets underway. While an interest rate hike is likely already priced into the stock market, traders will look to the Fed's forecast and comments from Fed Chair Janet Yellen for clues to the pace of future rate hikes. Kroger Co (NYSE:KR) will highlight the relatively quiet earnings front.
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.On Monday, June 12, the Treasury budget will be released. Dominion Diamond (DDC) will report earnings.
On Tuesday, June 13, traders can look forward to the start FOMC meeting, as well as the producer price index (PPI). H & R Block (HRB) will report earnings.
Wednesday, June 14, marks a busy day, with the highly anticipated Fed decision out at 2 p.m. ET. The central bank's announcement will be followed by a press conference with Fed Chair Janet Yellen. Otherwise, business inventories data, the consumer price index, May retail sales, and weekly crude inventories all released. Jabil (JBL) and Liberty Tax (TAX) will report earnings.
On Thursday, June 15, weekly jobless claims, the Empire State manufacturing survey, the Philadelphia Fed business outlook survey, import/export data, industrial production figures, the housing market index, and Treasury International Capital (TIC) data all will be released. The Fed will also release its balance sheet. Bob Evans Farms (BOBE), Finisar (FNSR), and Kroger (KR) report earnings.
To close out the week on quadruple-witching Friday, June 16, housing starts and early June consumer sentiment stats will be released. Dallas Fed President Rober Kaplan will speak. There are no notable earnings reports.