My schedule … and what’s coming next

Marseille, France. Photo from Civitas.com

By David Enna, Tipswatch.com

By the time you are reading this, I will probably be sipping a dry rosé wine somewhere in southern France, where I will be traveling for two weeks. We will be starting in Marseille and eventually ending in Lyon.

I should have internet access through most of the trip and I’ll attempt (sort of) to keep up with financial news and reading & answering your comments. No promises. Expect delays. My article updates will be spotty and ill-timed.

This won’t be a particularly newsy two weeks, but of course crazy things do happen every few days in our current United States.

What’s ahead

All of France is following Central European Summer Time, which is six hours ahead of Eastern Daylight Time.

Wednesday, June 17. The Federal Reserve’s Open Market Committee will complete its first meeting under new Chairman Kevin Warsh. Any rate decision will be announced at 2 p.m. EDT (8 p.m. in southern France), and Warsh has committed to conduct a very interesting news conference a half hour later. The Fed is also expected to release a summary of economic projections.

I don’t write about Fed meetings, since you can get that content from 2,000 other sources. But if I can, I will watch the Warsh news conference out of pure curiosity. And it will be interesting to see if Jerome Powell, still a member of the Fed Board of Governors, pops up anywhere. (Prediction: He won’t.) These are questions I raised in my Sunday article:

  • Will the FOMC statement drop its “easing bias,” signaling the possibility of future rate increases?
  • Will Warsh suggest he is open to future rate increases, if needed?
  • Will the governors go along with Warsh’s plans to reduce the Fed’s balance sheet, which could cause long-term rates to rise?
  • What will the dot points predict for future interest rates, inflation and economic growth?
  • How much dissent will we see from voting members of the board?

Thursday, June 18. We will get the results of the reopening auction of a 5-year Treasury Inflation-Protected Security at 1 p.m. EDT, which translates to 7 p.m. CEST. We are traveling with friends, so my timing on this is uncertain. I will eventually post the auction results on Thursday.

That’s all I have marked on my calendar through my return on June 28. If you know of other upcoming events worthy of “vacation attention,” let me know in the comments.

The trip

We are not starting in Paris, so ignore that.

I adore France and the French (probably an unpopular opinion, I know) and have traveled through most of the country, north to south. Never been to Marseille. We will be using that city as a base to travel around the south until reaching Avignon, where we will board the Viking longship Buri for a week-long trek on the Rhône to Lyon.

Along the way we will see some new places: Viviers, Tournon, Vienne. But mostly this trip will be about enjoying time with our friends, combined with great wine and great food. And I will get to butcher my basic French along the way. (This results in the French switching to English, tout de suite!)

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David Enna is a financial journalist, not a financial adviser. He is not selling or profiting from any investment discussed. I Bonds and TIPS are not “get rich” investments; they are best used for capital preservation and inflation protection. They can be purchased through the Treasury or other providers without fees, commissions or carrying charges. Please do your own research before investing.

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About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
This entry was posted in Federal Reserve, Inflation, Retirement, Travel. Bookmark the permalink.

4 Responses to My schedule … and what’s coming next

  1. ChrisM's avatar ChrisM says:

    First of all ,thank you for educating us in I bonds / Tips.

    I share your love for France….have been all over the area you are going to, traveling but car for weeks ,several different times over the last 30 years.

    Have a wonderful time…..and thank you again

  2. JohnD's avatar JohnD says:

    I absolutely love Avignon and surrounding. There is a reason (lighting and lifestyle mostly) the impressionists such as Van Gogh, Cezanne, Monet flocked to the region to paint. I’m jealous. Been trying to get my wife on that very same river cruise but she is anti-cruise. Please report back on the quality of your journey!

  3. ottersparkly1d91ead970's avatar ottersparkly1d91ead970 says:

    Great trip. Try the house special cocktaqil at Le Dome in Lyon.

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