CORRECTED-What to Watch in the Week Ahead and on Monday, March 16

ON MONDAY

On the U.S. economic front, the Federal Reserve is expected to report industrial production data, which likely rose 0.1% in February after increasing 0.7% in the prior month. The central bank is also likely to release capacity utilization data, which is expected to remain unchanged at 76.2% for the same month. The National Association of Home Builders, a gauge of U.S. homebuilder sentiment, is likely to rise to 37 in March, following a reading of 36 in the previous period. The New York Fed is due to publish data for its manufacturing index with a likely reading of 3.25 for March.

In a Reuters NEXT Newsmaker event, Reuters Global Pharma Editor Michele Gershberg will interview Genentech CEO Alexander Magargee at Pharma USA 2026 in Philadelphia. Magargee will discuss major shifts in U.S. and global health policy, the growing role of AI in drug discovery and regulatory pathways, and the next generation of promising treatments poised to reshape medical practice.

Nvidia's annual GTC AI conference is scheduled from Monday to Thursday, where developers, researchers and business leaders come together to explore the next wave of AI innovation.

For Canada, the statistical agency is due to post consumer prices data, which likely rose 0.7% in February after a flat reading in the prior month. On an annual basis, it likely rose 1.9%. Canada's housing starts data for February is also expected.

On the Latin American radar, Brazil's central bank is due to report economic activity data for January.

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REST OF THE WEEK

U.S. Federal Reserve's Federal Open Market Committee (FOMC) is scheduled to start its two-day meeting on interest rates from Tuesday, accompanied by a closely watched policy statement, at the conclusion of its two-day meeting on Wednesday. The central bank is widely expected to leave rates unchanged in the 3.5%–3.75% range.

Separately, Wednesday brings the producer prices (PPI) data from the Bureau of Labor Statistics. The PPI for February is likely to gain 0.3%, following a 0.5% increase in the previous month. On an annual basis, it likely remained unchanged at 2.9%. Excluding food and energy, it is expected to rise 0.3%. On the same day, the U.S. Census Bureau is expected to report factory orders data for January, which likely rose 0.2%, following a 0.7% decline in the previous period.

On Thursday, the Labor Department will release the initial jobless claims report for the week ended March 14. Continued jobless claims for the week ended March 7 are also expected. Additionally, the Philadelphia Fed business index is likely to have a reading of 11 for March. On the same day, the Census Bureau is likely to show that new home sales fell to an annualized rate of 0.72 million units in January from 0.745 million units in December. On Tuesday, the pending home sales data for February is likely due. On Thursday, wholesale data is also expected.

On Thursday, the Federal Reserve Board is scheduled to hold an open meeting to discuss proposals to revise its capital requirements for the largest, most internationally active banks and its requirements for other large banks, as well as to make adjustments to the surcharge for U.S. global systemically important banks.

NVIDIA CEO Jensen Huang is scheduled to hold a Q&A session with the media at the GTC AI conference on Tuesday.

Boeing Executive Vice President and Chief Financial Officer Jay Malave is set to speak at the Bank of America Global Industrials Conference on Tuesday.

Darden Restaurants is expected to post its third-quarter revenue on Thursday. Investors will watch for comments on demand and traffic trends, the impact of inflation, margin recovery and any updates on forecasts that the company provides.

Elsewhere, the Bank of Canada is expected to keep its rates unchanged at 2.25% on Wednesday. On Friday, the statistical agency is likely to post producer prices data for February. On the same day, retail sales data is also expected. On Thursday, Canada's CFIB is likely to report business survey data for March.

In Latin America, Brazil's March inflation, as shown by the IGP-10 index, is set to be released on Tuesday. On Wednesday, Brazil's central bank is expected to cut its interest rate for the first time since May 2024. The bank is likely to cut the rate by 50 bps to 14.50%. On Friday, Argentina's gross domestic product (GDP) data is due for release. Peru's fourth-quarter GDP data is also due on Wednesday. On Thursday, Brazil's foreign exchange flows data for the week ended March 9 are on tap. Argentina's February trade balance data could also be released on the same day. The country's retail sales data for January is likely to be released on Friday.