Week inAdvance
Monday | Jan 31, 2022
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Mon Jan 31 BNEF Summit in San Francisco. | Tue Feb 1 Lunar New Year. PRI meets virtually on 'The Investor Agenda'. | Wed Feb 2 Senate panel examines Medicare financing. | Thu Feb 3 Fed Board of Governors confirmation hearing. | Fri Feb 4 FSOC virtual meeting. Beijing Winter Olympics start amid global omicron wave.
On Thursday, The Bank of England and the European Central Bank announce their monetary policy decisions. The case for the BOE to raise interest rates has strengthened following the unexpected surge of inflation in December. Economists surveyed by Bloomberg expect an increase of 25 basis points to 0.5%.
ECB President Christine Lagarde is expected to provide comments to guide market expectations for interest rate hikes. Lagarde will probably reiterate that her institution is unlikely to hike in 2022, but refrain from pushing back on market expectations for tightening in 2023.
On Friday, the U.S. Labor Department will release the monthly job report. The January data are unlikely to reflect the entirety of the impact of the omicron wave that rapidly spread across the country. For traders, the focus will be what the numbers will says about the Federal Reserve’s path of tightening.
Also on Friday, the Winter Olympics start in Beijing. President Xi Jinping has called for the games to be “simple, safe and splendid,” a challenge as Covid-19 cases mount globally along with international criticism of China’s record on human rights among other issues. The games coincide with the Lunar New Year holiday, with the number of travelers expected to be down dramatically.
All times are Eastern and subject to change.
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Wednesday, Feb 9
INVESTORS ESGaction Council
GOODworkplace Innovations Kickoff Call
3 - 4 pm
Come when you can. Leave when you have to. Take your calls.
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Friday, Feb 4
FINANCIAL STABILITY OVERSIGHT COUNCIL
Virtual meeting will include both an open and an executive session. The preliminary agenda for the open session includes nonbank financial intermediation. The preliminary agenda for the executive session includes an update from FSOC's Hedge Fund Working Group, an update from FSOC's Open-end Fund Working Group, money market funds, and the council’s priorities for 2022.
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Wednesday, Feb 2
HOUSE FINANCIAL SERVICES
Subcommittee on Housing, Community Development, and Insurance hearing on addressing challenges in serving people experiencing homelessness.
Wednesday, Feb 2
SENATE FINANCE
Subcommittee on Fiscal Responsibility and Economic Growth hearing on the Hospital Insurance Trust Fund and the future of Medicare financing.
Thursday, Feb 3
HOUSE FINANCIAL SERVICES
Subcommittee on Diversity and Inclusion hearing on addressing the financial barriers to minority and women-owned businesses' involvement in infrastructure projects.
Thursday, Feb 3
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Board of Governors of the Federal Reserve Systen nomination hearing: Sarah Bloom Raskin, Vice Chair for Supervision and member designate; Dr. Lisa DeNell Cook, member designate; and Dr. Philip Nathan Jefferson, member designate.
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Monday, Jan 31 -
Tuesday, Feb 1
BASEL, Switzerland (virtual)
Basel Committee on Banking Supervision high level meeting for Africa.
Tuesday, Feb 1
VIRTUAL
Wednesday, Feb 2
VIENNA, Austria
OPEC+ meeting on output.
Thursday, Feb 3
LONDON, U.K.
Bank of England rate decision, monetary report, briefing. The BOE is expected to raise interest rates by 25 basis points to 0.5%.
Thursday, Feb 3
FRANKFURT, Germany
European Central Bank rate decision, ECB President Christine Lagarde briefing. The ECB is not expected to hike interest rates.
Thursday, Feb 3 -
Friday, Feb 4
LILLE, France
Informal meeting of EU justice and home affairs ministers.
Friday, Feb 4
BEIJING, China
The Winter Olympics kick off with the opening ceremony scheduled at Beijing’s National Stadium. Russian President Vladimir Putin visits Beijing to attend the opening ceremony and for a planned summit with Chinese President Xi Jinping.
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Monday, Jan 31 -
Tuesday, Feb 1
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