Fed decision, Earnings, Reddit IPO: What to watch
Wednesday is the big day for the Federal Reserve. The FOMC will announce its decision on interest rates and release its latest Summary of Economic Projections. Chair Jerome Powell will hold a press conference afterward to shed more light on the decision. Yahoo Finance Live's coverage will begin at 2:00 pm.
Micron (MU), General Mills (GIS), Chewy (CHWY), and more will report earnings tomorrow.
Social media giant Reddit is expected to price its IPO after the close of the market on Wednesday, with its IPO debut set for the following day.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Video Transcript
JOSH LIPTON: Time now for what to watch Wednesday, March 20th. Starting off with the Fed, investors are keeping a close eye, the second FOMC decision of the year on tap. Expectations for rate cut are basically at zero here. But the focus will be on the dot plot, which will show FOMC members estimates for rate cuts. Fed Chair Jerome Powell will hold a news conference following the decision. And Yahoo Finance's will begin live coverage at 2:00 PM Eastern.
ALEXANDRA CANAL: Moving over to the earnings front. Micron, General Mills, Five Below, Chewy, KB Home, and Signet Jewelers all reporting tomorrow. Micron announcing second quarter 2024 earnings after the bell. The chipmaking giant has had a solid start to the year, up about 10% year-to-date, and closing higher today continuing to establish itself as a legitimate AI play in the eyes of Wall Street right ahead of earnings.
JOSH LIPTON: Also, after the closing bell, we're expecting Reddit to price its initial public offering. The social media company is eyeing a valuation of up to $6.5 billion and is set to start trading on Thursday.
