On Monday, Federal Reserve chair Jerome H. Powell is scheduled to speak at the National Association of Business Economics conference. The speech comes after the central bank lifted interest rates on Wednesday, the first in a series of moves aimed to ease inflation. On Wednesday, Mr. Powell will speak again at a panel hosted by the Bank for International Settlements, discussing the “challenges for central bank governors in a digital world.”
Russia is due to pay its next sovereign coupon payment on Monday. The country faces the threat of a default prompted by Western sanctions, imposed after it invaded Ukraine. The payment is a $66 million dollar coupon, which has a grace period of 30 days. Russia managed to avoid a default this week after it made interest payments on Thursday totaling $117 million on two bonds denominated in U.S. dollars.
The Securities and Exchange Commission will consider on Monday whether climate disclosures should be required by publicly traded companies to inform investors about their greenhouse gas reduction goals and emissions. The meeting comes as more investors are requesting the amendments as they consider climate change risks in their investment decisions.
Opening statements for the trial of Ramesh Balwani, the former president of Theranos and ex-boyfriend of Elizabeth Holmes, are expected to begin on Tuesday. The trial was postponed this week because of a juror’s exposure to Covid-19. Mr. Balwani, who is known as Sunny, faces several fraud charges as a co-conspirator in defrauding investors by claiming its blood tests could detect a variety of ailments with just a few drops of blood.
On Friday, the University of Michigan will release the final results of its monthly index measuring consumer sentiment. Preliminary results showed that the index fell to its lowest level in over a decade, with consumers feeling pessimistic about the rest of the year because of inflation and the potential impact of the conflict in Ukraine.
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