@ The White House
In the morning, the President will depart Denver, Colorado en route Cedar Rapids, Iowa.
In the afternoon, the President will visit the University of Iowa in Iowa City, Iowa to participate in a roundtable with students and deliver remarks as part of a concerted effort to get Congress to prevent interest rates on student loans from doubling in July.
Later, the President will depart Cedar Rapids, Iowa en route Washington, DC. In the evening, the President will attend a campaign event in Washington, DC.
@ The Wall Street
The Fed´s two-day meeting ends with a statement just before 12:30 p.m. ET. The economic and interest rate forecasts of Fed officials are then released at 2 p.m., and Fed Chairman Ben Bernanke briefs the media at 2:15 p.m.
No changes to policy are expected to come out of this meeting. But the FOMC´s economic forecasts will be revised and members´ views on the appropriate path of policy could show more support for a rate hike prior to late-2014. Bernanke will also hold a press conference following the release of the statement.
Durable Goods Orders (Mar.) March should see a large reversal of February´s gains as plunging aircraft orders and retrenchment in defense orders outweigh all positive contributions. Although the aircraft producer has had a great streak since November 2011, orders were bound to slow. In March, orders for Boeing aircraft fell nearly $14 billion. As a result, we expect total durable goods orders to decrease by 3.0%.
