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Calculated Risk: FOMC Preview

3/14/2021 10:53:00 AM Expectations are there will be no change to rate policy when the FOMC meets on Tuesday and Wednesday this week, but that the FOMC will upgrade their outlook. Here are some comments from Merrill Lynch economists: "The FOMC meeting on the 17th will be one of the most critical events for the Fed in some time. We believe Fed Chair Powell will have to strike the right balance between a more upbeat assessment of the outlook and the asymmetric FAIT [flexible average inflation tar...
United States Merrill Lynch Goldman Sachs Fed Chair Powell American Rescue Plan Federal Reserve Governors

Calculated Risk: Schedule for Week of March 14, 2021

The key reports this week are February Retail Sales and Housing Starts. For manufacturing, the February Industrial Production report and the March NY and Philly Fed manufacturing surveys will be released. The FOMC meets this week, and no change to policy is expected. ----- Monday, Mar 15th ----- 8:30 AM: The New York Fed Empire State manufacturing survey for March. The consensus is for a reading of 14.5, up from 12.1. 10:00 AM: ----- Tuesday, Mar 16th ----- 8:30 AM: Retail sales for Februar...
Jerome Powell Market Committee Mortgage Bankers Association February Retail Sales February Industrial Production Philly Fed

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