This week’s economic calendar will be dominated by the Federal Open Market Committee meeting on Tuesday. Not much in the way of new information is expected from this week’s meeting.
But Friday’s nonfarm payrolls report from the Department of Labor showed more jobs than expected being added to employer payrolls for the month of February. Combined with decreases to the headline unemployment rate for five straight months through January, the Fed may find reasons to be a bit more enthusiastic about economic growth at Tuesday’s meeting.
Before the Fed announcement, on Tuesday morning, the retail sales report will be released.