Cheddar News breaks down what to expect on The Day Ahead, as earnings from Albertsons and Carmax are on tap to be released while Fed minutes are due on Wednesday ahead of its meeting next month.

Closing Bell

The Day Ahead: Earnings, Fed Minutes

Let's take a look at the events that are sure to move markets tomorrow. Starting with some corporate earnings tomorrow, we're going to get quarterly reports for Carmax and Grocery giant Albertson's. We're going to keep an eye on Albertsons which is one of the biggest food retailers in the United States with more than 2200 stores across 34 states. Back in October Albertsons announced that they would merge into a single company but in recent months, multiple anti trust complaints have been filed against the merger. There hasn't been a final decision on that merger made yet, but for the first quarter, Alberton is expected to see better profits from better productivity and an enhanced customer experience. We're going to break down those earnings right here for you on closing Bell. We're also waiting comments from the Federal Reserve officials about the US Central bank's interest rate hikes. The presidents of the Chicago Fed and Minneapolis Fed will separately speak at different events tomorrow. The officials may reference last week's jobs report and some key inflation data this week. As investors are looking ahead to the next rate decision, We will also learn more about the Federal Reserve's thought process for its decision last month to raise rates a quarter of a percentage point with the minutes from that meeting. We're going to learn about that when they're released on Wednesday. Now, the Fed did note that future rate hikes may be warranted and Wall Street seems to be pricing in another 25 basis point hike.