Week inAdvance
Monday | Mar 14, 2022
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Mon Mar 14 U.K. annual "shopping basket" review. | Tue Mar 15 Elizabeth Holmes back in court. | Wed Mar 16 FOMC rate decision. | Thu Mar 17 ‘ECB and Its Watchers’ in Frankfurt. BOE rate decision. | Fri Mar 18 Bank of Japan monetary policy decision.
The economic toll of the war in Ukraine, including an unprecedented surge in commodity prices, will be the background of policy decisions for three of the world’s most influential central banks: the Federal Reserve, the Bank of England and the Bank of Japan.
Fed Chair Jerome Powell has already said he’ll recommend a 25 basis-point increase on March 16. If confirmed, it will be the first hike since December of 2018. Powell also reaffirmed that the Fed is on track to proceed with a series of rate increases to curb the highest inflation in decades, though Russia’s invasion of Ukraine means it will move “carefully.”
In the U.K., the BOE announces its rate decision on March 17. Money markets are betting on more than 100 basis points of hikes by June. That implies two 25 basis-point hikes and one 50 basis-point hike over the next three meetings.
Central banks in Japan, Indonesia and Taiwan also meet. And investors will be watching for any announcement of stimulus by the Chinese central bank after officials set the aggressive growth target of 5.5% for the year at the National People’s Congress.
All times are Eastern and subject to change.
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Wednesday, Mar 16
INVESTORS CMBS industry update
4 - 4:15 pm
Come when you can. Leave when you have to. Take your calls.
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Wednesday, Mar 16
Conclusion of Federal Open Market Committee's two-day meeting followed by Fed Chair Jerome Powell's news conference.
Friday, Mar 18
FEDERAL RESERVE BANK OF CHICAGO
Youth Pandemic Recovery at FedListens: Helping Youth Thrive – A Discussion with Leaders.
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Tuesday, Mar 15
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing on advancing public transportation under the bipartisan infrastructure law.
Tuesday, Mar 15
SENATE FINANCE
Hearing on the promise and challenge of strategic trade engagement in the Indo-Pacific region.
Wednesday, Mar 16
HOUSE WAYS AND MEANS
Subcommittee on Worker and Family Support hearing on improving family outcomes through home visiting.
Wednesday, Mar 16
SENATE FINANCE
Hearing on prescription drug price inflation and the need to lower drug prices in Medicare.
Thursday, Mar 17
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing on understanding the role of digital assets in illicit finance.
Thursday, Mar 17
SENATE FINANCE
Hearing to examine charitable giving and trends in the nonprofit sector.
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Monday, Mar 14
LONDON, U.K.
The U.K.’s annual review of the “shopping basket” used to measure consumer price increases, at a time of soaring inflation.
Wednesday, Mar 16
BRUSSELS, Belgium
Extraordinary meeting of NATO defense ministers.
Wednesday, Mar 16 -
Thursday, Mar 17
BASEL, Switzerland (virtual)
BCBS-EMEAP: High-level meeting for Asia-Pacific.
Thursday, Mar 17
MADRID, Spain (virtual)
IOSCO IARC-COSRA Meeting. The IARC is one of four regional committees constituted by IOSCO to focus on regional issues relating to securities regulation in the Inter-American region. The IARC meets generally in conjunction with the Council of Securities Regulators of the Americas (COSRA).
Thursday, Mar 17
FRANKFURT, Germany
Goethe University’s ECB and Its Watchers conference. Speakers include ECB President Christine Lagarde.
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Tuesday, Mar 15
SAN JOSE, California
The trial of former Theranos president and Elizabeth Holmes’s ex-boyfriend, Sunny Balwani, gets under way with opening arguments.
Tuesday, Mar 15 -
Thursday, Mar 17
BOCA RATON, Florida
FIA’s Annual International Futures Industry Conference (FIA Boca 2022). CFTC Chair Rostin Behnam will deliver a keynote address.
Friday, Mar 18
The U.S. National Weather Service issues its spring flood assessment as farmers prepare to start their planting campaigns at a time of sky-high grain prices.
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