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Notable companies reporting earnings this week include
Lennar
on Wednesday,
FedEx
and
General Mills
on Thursday, and
Nike
and
Darden Restaurants
on Friday. Health care investors will also be tuning in to several investor days this week:
AbbVie
on Monday,
Eli Lilly
on Tuesday, and
Centene
on Friday.
The economic highlight of the week will be Wednesday’s decision from the Federal Open Market Committee, after the Fed’s interest rate-setting panel concludes its last two-day meeting of 2020. Officials aren’t likely to budge rates from near zero, but could tweak the central bank’s bond-buying program. Remarks from chair Jerome Powell after the meeting will be closely parsed by Fed watchers, as usual. The
Bank of Japan
also announces a monetary policy decision on Friday.
Economic data out this week includes the Census Bureau’s retail sales data for November on Wednesday, along with
IHS Markit’s
Manufacturing and Services Purchasing