Upbeat music plays.
[Screen shows “Weekly Market Outlook with Jeffrey Kleintop”]
[Jeff holds up an illustration of a ballot box labeled “Vote”]
From a rush of central bank policy decisions, including the Federal Reserve, Bank of Japan, and Bank of England, to a crucial vote in Germany on a big spending boost, I’m Jeff Kleintop with 90 seconds on what you need to know for the week ahead.
Germany’s parliament votes on Tuesday with a massive spending increase and sweeping changes to borrowing rules to bolster defense and revive growth in Europe's largest economy. Germany’s new chancellor has been racing to get the amendments to the constitution passed by a two-thirds majority by March 25, before the newly elected parliament is set to convene.
On Wednesday and Thursday
[Jeff holds up an illustration of a percentage sign centered on a bull’s eye]
there’s a flurry of rate decisions with few changes expected in an environment of increasing macroeconomic uncertainty. On Wednesday, the Fed announces a rate decision with a hold being the most likely outcome for a second straight meeting. And the Bank of Japan is also expected to maintain the target rate after a hike of 25 basis points at the last meeting in January. And then on Thursday, the Bank of England is expected to hold after three cuts since August.
Also, this week Congress has
[Jeff holds up an illustration of the White House labelled “Washington D.C.”]
a district work week that could bring lawmakers face to face with angry constituents over abrupt policy changes and a weakening economy and stock market.
And earnings reports are expected
[Jeff holds up an illustration of a hairpiece labelled “Tariffs”]
from companies including Nike, FedEx, and Tencent which may offer some insight into how trade and shipping is faring amidst the Trump tariff war.
Thanks for watching.
[Jeff holds up sign saying "Thank You"]
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