Trump's Fed pick comes into focus, economic data backlog clears: What to watch this week

Corporate Earnings - Micron (MU) is scheduled to report quarterly results on Wednesday [3] - Accenture (ACN), NIKE (NKE), FedEx (FDX), and Darden Restaurants (DRI) will release their results on Thursday [3] Federal Reserve and Economic Outlook - The Federal Reserve's recent quarter-point rate cut marks the third such cut in 2025, with notable dissent among committee members [4] - Market focus is shifting towards potential future rate cuts in 2026, with the Fed projecting only one [4] - The nomination of a new Fed chair to replace Jerome Powell is under consideration, with Kevin Hassett and Kevin Warsh as potential candidates [2][5] Market Reactions and Predictions - Betting markets indicate Kevin Hassett as the favorite for the Fed chair nomination with a 73% chance, while Kevin Warsh's odds have improved to 39% [5][6] - Both candidates are perceived as supportive of lower interest rates, influencing foreign exchange markets and strengthening international currencies against the dollar [7]