From Reuters.com

The Day Ahead: Wednesday

It’s D-day at the Fed, as Chairman Ben Benrnake (pictured) and the Federal Open Market Committee unveil their latest policy decision. Virtually no-one is expecting a rate move, but, rather, the focus will be on language and how the Fed weighs recent upbeat economic data against fears that a burgeoning recovery is on shaky ground.

Also in the driver’s seat is Chrysler CEO Sergio Marchionne, who is expected to spell out plans for reviving the flat-lining automaker.

Other highlights:

* Cisco Systems leads the earnings parade with quarterly numbers that may reflect a recovery in tech spending. Comcast, Qualcomm and News Corp are also on the docket.

* Data highlights include the ISM’s non-manufacturing numbers and readings on the employment picture from Challenger and ADP.

* Reuters is also hosting an Auto Summit in Detroit and Paris. The day’s speakers include Ford President of the Americas Mark Fields; AutoNation CEO Mike Jackson; CAW President Ken Lewenza, Robert Bosch CEO Peter Marks; Honda Motor Senior Vice President John Mendel and DBT President Herve Borgoltz.

The Day Ahead: Tuesday

Sportswear giant Nike is expected to report first-quarter results, while Washington financial regulators will be busy with meetings all week.

*Nike reports first-quarter results. The company expects revenues to be lower than in its year-ago quarter amid the sluggish worldwide economy.

*The Federal Deposit Insurance Corporation board meets to propose a plan to replenish its deposit insurance fund.

*The Securities and Exchange Commission holds a two-day public meeting on short-selling, borrowing of shares and whether more disclosure is needed.

*At the Reuters Global Restructuring Summit being held in New York and London, speakers include Jones Day Head of Global Restructuring Practice and Bankruptcy Attorney Corinne Ball and Morgan Stanley Managing Director Simon Parry-Wingfield

The day ahead: Tuesday

IPOs from Colony Financial and Apollo Commercial Real Estate kick off the biggest week for U.S. IPOs in nearly two years.

In other news:

*  The Federal Reserve begins its two-day open markets committee meeting.

*  World leaders meet at U.N. headquarters in New York for a one-day climate summit.

*  Lower costs for meats and other commodities are expected to help ConAgra Foods post higher fiscal first quarter profit.

The day ahead: Thursday

Investors’ attention will turn to Jackson Hole, Wyoming, as policy-makers from around the world gather to talk about how to prevent another global financial crisis. Results from Gap and Sears are also expected.

• The Kansas City Federal Reserve’s yearly conference at a mountain retreat in Jackson Hole, Wyoming, draws central bankers and top economists together as the current crisis appears to be easing. Fed Chairman Ben Bernanke speaks on Friday.
• Gap’s results will show whether its focus on boosting margins, even as a widespread slump in consumer spending has cut into sales, has been successful.
• Eddie Lampert’s efforts to break Sears into five segments and taking his scattered approach to finding a format for growth will be on display when the retailer reports quarterly financials.
• August business activity and weekly employment data should reinforce investor expectations that the economy is on the mend.