Week inAdvance
Monday | Jul 25, 2022
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Mon Jul 25 Sunak-Truss debate in London. | Tue Jul 26 EU energy ministers hold emergency meeting. | Wed Jul 27 FOMC rate decision and Powell news conference. | Thu Jul 28 US initial jobless claims, GDP. | Fri Jul 29 European inflation & GDP figures. Islamic New Year begins.
The Federal Reserve is expected to raise rates by 75 basis points on Wednesday for the second straight meeting. Policy makers solidified their resolve in June to keep hiking in order to prevent higher inflation from becoming entrenched.
On Thursday, the US reports the initial reading of second-quarter gross domestic product, which is tipped to eke out a small advance. First-quarter GDP fell for the first time since 2020, reflecting a jump in imports tied to solid consumer demand.
In Europe, inflation and GDP figures from across the bloc are due on Friday. Energy shortages remain the possible last straw for Europe’s economy, as uncertainty over Russian gas supplies continues.
All times are Eastern and subject to change.
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Wednesday, Jul 27
INVESTORS cyber security industry update
11 - 11:30 am
Come when you can. Leave when you have to. Take your calls.
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Wednesday, Jul 27
COMMODITY FUTURES TRADING COMMISSION
Meeting to consider:
- Proposed rule on governance requirements for derivatives clearing organizations
- Application for a capital comparability determination submitted by the Finance Services Agency of Japan
- Application for a capital comparability determination submitted by nonbank swap dealers subject to regulation by the Mexican Comision Nacional Bancaria y de Valores
Wednesday, Jul 27
FEDERAL RESERVE
Federal Open Market Committee concludes its two-day policy meeting, followed by a press conference with Chair Jerome Powell who’ll discuss the rate decision and the outlook for policy and the economy.
Wednesday, Jul 27 -
Thursday, Jul 28
MUNICIPAL SECURITIES RULEMAKING BOARD
Board of directors meeting to dicuss market regulation, market transparency, market structure and data, and public trust. The board will also discuss a draft summary report on comments received in response to its request for information on ESG practices in the municipal securities market, published in December 2021.
Thursday, Jul 28
FINANCIAL STABILITY OVERSIGHT COUNCIL
Treasury Secretary Janet Yellen will preside over an FSOC meeting. The agenda includes discussion of a report being prepared in response to President Biden’s executive order on digital assets, and updates from FSOC's hedge fund working group and climate-related financial risk committee.
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Tuesday, Jul 26
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing: "Fairness in Financial Services: Racism and Discrimination in Banking."
Thursday, Jul 28
SENATE BANKING, HOUSING, AND URBAN AFFAIRS
Hearing: "Protecting Investors and Savers: Understanding Scams and Risks in Crypto and Securities Markets."
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Monday, Jul 25
GENEVA, Switzerland
Special meeting of the general council of the World Trade Organization.
Monday, Jul 25
LONDON, UK
A television debate is set to take place between the UK’s final Conservative Party leadership candidates, Rishi Sunak and Liz Truss.
Tuesday, Jul 26
BRUSSELS, Belgium
EU energy ministers plan to hold an emergency meeting to discuss improving the bloc’s contingency plans.
Wednesday, Jul 27
SINGAPORE
Bloomberg’s Sustainable Business Summit takes place in person as well as virtually, bringing together business leaders and investors to discuss best practices and innovation in the space.
Sunday, Jul 31
SIEM REAP, Cambodia
The 55th Asean ministerial meeting begins.
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Monday, Jul 25
WASHINGTON DC
Commodity Futures Trading Commision Chair Rostin Behnam will participate in a conversation, The future of crypto regulation, at the Brookings Center on Regulation and Markets.
Tuesday, Jul 26
WASHINGTON DC
The IMF releases its world economic outlook update.
Wednesday, Jul 27
WASHINGTON DC
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