Here’s a look at what’s coming up this week.
Yellen will field questions as the Fed looks to keep raising rates.
Janet Yellen, the Federal Reserve chairwoman, heads to the University of Michigan on Monday for an event billed as a conversation with the economist Susan M. Collins, the dean of Michigan’s school of public policy. Ms. Yellen will also take questions from the audience. Ms. Yellen has about 10 months left in her term as the Fed’s chairwoman. She has said the Fed hopes to continue raising interest rates this year. The Fed also indicated last week that it would like to start reducing its huge investment holdings by the end of the year. Binyamin Appelbaum
Venezuela is supposed to pay $3 billion on its debt. Will it?
Venezuela is due to make $3 billion in payments on its debt by Wednesday, another test for the country to stay solvent in the face of political unrest and low oil prices. Most bond analysts think Venezuela will manage to scrape up the cash, though few consider that a sure thing. The state oil company PDVSA must come up with $2.55 billion in cash, while Caracas must pay an additional $437 million in interest due on its sovereign bonds. PDVSA is suffering from collapsing oil production because of its inability to pay service companies and underinvestment in its oil fields and refineries. But the company promises to pay. The Supreme Court stripped Congress of its powers last week, but then reversed itself, in the latest sign of political instability that makes bond holders nervous. Clifford Krauss
Carmakers will show off new models in hope of shaking off doldrums.
Automakers will unveil new models at media previews this week for the New York auto show, as the industry tries to reinvigorate sales in the United States that have gone flat after two record years. The two biggest American manufacturers, General Motors and Ford Motor, plan to show off redesigned sport utility vehicles in hopes of capitalizing on consumer demand for larger models. Other companies, like Honda, are seeking to bolster their environmental credentials with electric-powered cars. While official media previews are set for Wednesday and Thursday, carmakers have scheduled a number of media events throughout the week to draw attention to the latest additions to their lineups. Bill Vlasic
Big lenders will report first-quarter results.
Some of the nation’s biggest banks will report first-quarter results this week, starting with JPMorgan Chase, Citigroup and Wells Fargo on Thursday. Investors will look for signs of strengthening in the housing market and signals of stress on their credit card and auto businesses, which have enjoyed a long period of low defaults. Wells Fargo is expected to update analysts on the bank’s efforts to overhaul its retail operations after the phony-account scandal. Michael Corkery
A possible uptick in retail sales for March.
Retail sales probably rose 0.3 percent in March, according to data compiled by Bloomberg. The Commerce Department will release last month’s figures on Friday morning. The slight uptick follows a 0.1 percent rise in February. Rachel Abrams
Consumer prices are expected, too.
Consumer prices in the United States have risen steadily through the year as clothes, rent and other household costs have gotten more expensive. The Labor Department will release figures for March on Friday morning. In February, consumer prices rose just 0.1 percent, on a seasonally adjusted basis, after falling gas prices offset increasing prices elsewhere. Rising costs, combined with the continued growth in the economy and job market, have made raising interest rates an easier decision for the Federal Reserve. Conor Dougherty
Some closings for Good Friday.
The offices of some governments and some markets will close early or completely for Good Friday. In the United States, bond markets will close at noon and equity markets will not open. The federal government, however, will operate on a normal schedule. In Europe, stock and bond markets will be closed for the day. Zach Wichter