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Market Domination Overtime hosts Julie Hyman and Josh Lipton preview some of the biggest economic events and industry headlines to come for Wednesday, March 19.
Federal Reserve officials are convening in Washington, D.C., this week for their March FOMC meeting, which will conclude with a decision on interest rates on Wednesday followed by a press conference with Chair Jerome Powell. The US central bank is expected to hold rates where they are, with some economists projecting the Fed won't even cut rates this year or next year.
Several companies with quarterly earnings results due out tomorrow include General Mills (GIS), Williams-Sonoma (WSM), and discount retailer Five Below (FIVE).
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All right, time now for what to watch Wednesday, March 19th. Starting off on, of course, the Fed, the Fed's interest rate decision for March will be coming out in the afternoon. Wall Street expecting the Fed to hold interest rates steady this time around, but we'll be getting, getting an updated dot plot. The Fed summary of economic projections. Fed chair Jerome Powell will also be holding a news conference following the decision. Yahoo Finance's coverage tomorrow will begin at 2:00 p.m. Eastern.
And taking a look at earnings, another round of reports coming out tomorrow, including General Mills, Williams Sonoma, and Five Below. General Mills will announce results for the third quarter in the morning. Analysts expect a grim outlook for the company as consumers continue tightening their belts. The stock has been sinking since last week after Health and Human Services Secretary RFK Jr. met with big food companies, and he told them that the Trump administration wants artificial dyes out of the food supply before Kennedy leaves office.
