This Week in Commerce: Nike earnings, Fed rate decision

Check out the agenda for March 20-24.

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Photo by wu yi on Unsplash

Welcome to a new week. Spring is here. That means blossoms, but it also means new fashion trends in the street and campaigns on our screens. On the calendar, earnings offer a bellwether for the consumer economy this week, as key brands like Nike and General Mills will report results. Elsewhere, all eyes will be on the Federal Reserve as it announces its latest decision on interest rates.

Economic indicators

Fed interest rate decision: The Federal Reserve Open Markets Committee announces its decision on whether and by how much to hike benchmark interest rates following its two-day meeting. The Fed has been hiking interest rates rapidly in an effort to bring down 40-year-high inflation, but slowed the pace at the February meeting with a 0.25% increase. (March 22, 2 p.m.)

Durable goods orders: The U.S. Commerce Department releases data on orders from manufacturers for goods that are designed to last more than three years. This is considered an indicator of business activity. In January, orders dropped at the steepest rate since April 2020. (March 24, 8:30 a.m.)


Monday, March 20: Boxed, Foot Locker

Tuesday, March 21: Nike, GameStop

Wednesday, March 22: Petco, Chewy

Thursday, March 23: General Mills, Express

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