What to Watch in the Day Ahead - Wednesday, March 26

Reuters
26 Mar
What to Watch in the Day Ahead - Wednesday, March 26

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On the U.S. economic front, the Commerce Department's Census Bureau will release its durable goods data, which is polled to have decreased 1% in February, after rising 3.2% in the prior month. Excluding transport, durable goods likely ticked up 0.2% in February following a flat reading in January.

Federal Reserve Bank of Minneapolis President Neel Kashkari is expected to host "Fed Listens" event conversation on labor market conditions, inflation and how the Fed communicates and transmits monetary policy before the Detroit Lakes Regional Chamber of Commerce Economic Summit, in Detroit Lakes, Minnesota. (1000/1400) Separately, Federal Reserve Bank of St. Louis President Alberto Musalem is set to speak and participate in a moderated conversation on the U.S. economy and monetary policy before a Paducah Area Chamber of Commerce/Greater Paducah Economic Development luncheon, in Paducah, Kentucky. (1310/1710)

Dollar Tree is expected to post a drop in fourth-quarter sales as lower income consumers pull back spending on non-essential items due to higher inflation and economic uncertainty. Investors will watch out for comments on the company's forecast as well as on consumer sentiment expectations for the year.

Cintas is expected to post a rise in third-quarter revenue driven by stable demand in its uniform rental and safety segments. Investors will look out for any changes to its full-year forecast and comments on customer demand.

Jefferies is set to report first-quarter results after market close, offering investors a first glimpse of investment banking performance this year ahead of results from larger Wall Street rivals.

The Digital Chamber's DC Blockchain Summit in Washington, D.C. is expected to take place and will feature speakers including Acting OCC head Rodney Hood, Binance CEO Richard Teng and U.S. Senator Cynthia Lummis.

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(Compiled by Shreya Sabharwal in Bengaluru; Edited by Sahal Muhammed)

((Shreya.Sabharwal@thomsonreuters.com;))

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