The Federal Open Market Committee begins its two-day meeting Tuesday, with a press conference scheduled for 2 p.m. Wednesday. While anything less than a 75-basis-point interest rate hike seems unlikely, some market watchers have speculated that a 100-basis-point increase isn’t off the table.
The chief executives of Wells Fargo & Co., Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Truist Financial Corp., U.S. Bancorp and PNC Financial Services Group Inc. will testify in the Senate Banking Committee’s annual oversight hearing of the nation’s largest banks on Thursday at 9:30 a.m.
Securities and Exchange Commission Chair Gary Gensler, Commerce Secretary Gina Raimondo and BlackRock CEO Larry Fink are among the long list of high-profile speakers at the Clinton Foundation’s Global Initiative meeting Monday and Tuesday.
Treasury Secretary Janet Yellen will be interviewed at The Atlantic Festival’s Ideas Stage session, which begins at 2:30 p.m. on Thursday.
Acting Comptroller of the Currency Michael Hsu will give the keynote address at EMERGE Financial Health 2022 on Wednesday at 5 p.m.
World Bank Group President David Malpass will take part in a webinar at The Economic Club of New York on Monday at 12 p.m. The club will also host economist and former Texas Sen. Phil Gramm on Thursday at 12 p.m.
Reps. Emanuel Cleaver (D-Mo.) and French Hill (R-Ark.) will join a panel hosted by The Hill on Thursday at 8:30 a.m., looking at issues in housing affordability and equity.
Hearings to watch:
Numbers to watch: On Tuesday, the Census Bureau releases figures on new residential construction, and on Wednesday, the National Association of Realtors updates its data on existing home sales.