The week ahead

Today

Gerhard Schroeder, chancellor of Germany, addresses U.S. Chamber of Commerce.

Nike Inc. and Walgreen Co. release quarterly results.

Tuesday

David Dollar, World Bank country director for China, speaks at the Institute for International Economics.

Senate Finance Committee holds the first part of a two-day hearing on Medicaid waste, fraud and abuse.

Bond Market Association releases its midyear economic forecast.

Economic indicator: June consumer confidence.

Wednesday

Federal Reserve’s Federal Open Market Committee begins two-day meeting.

House Education and the Workforce Committee marks up the Pension Protection Act of 2005.

Washington International Trade Assn. holds a discussion on U.S.-European Union trade disputes.

Oracle Corp. releases quarterly results.

Economic indicator: First-quarter gross domestic product.

Thursday

Fed policy meeting concludes with action and statement on interest rates.

Economic indicators: May personal income and consumption.

Friday

Economic indicators: June University of Michigan consumer sentiment, May construction spending.