Fed’s Collins says US demand needs to be “moderate” to reach inflation target

Aid to Ukraine: The US Senate is expected to vote on a bipartisan $118 billion deal, supported by President Joe Biden, that would provide aid to Ukraine alongside tougher immigration policies. The deal, which needs the support of 60 of 100 U.S. senators, faces growing resistance from congressional Republicans, who could ultimately torpedo it.

Disney: The US entertainment company is set to release its latest quarterly results as it faces an escalating battle with activist investor Nelson Peltz. Disney is expected to post higher earnings per share and revenue in the three months to December compared to a year earlier, but advertising revenue is forecast to have slumped 63% to $1.3 billion.

Other earnings: Uber, Yum Brands, Roblox, Brookfield Asset Management and Fox will release their earnings before the opening bell on Wall Street. PayPal, Coty, News Corp and Mattel will release their earnings after the market closes.

Fedspeak: U.S. Federal Reserve Governors Adriana Kugler and Michelle Bowman will appear separately. The presidents of the Fed’s Boston and Richmond branches, Susan Collins and Thomas Barkin, will also speak.

Biden: The President of the United States travels to New York for his 2024 re-election campaign.

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