(MONEY Magazine) – JUNE

27-28 FEDERAL OPEN MARKET COMMITTEE MEETING. Will the Fed raise interest rates yet again after the half-point hike on May 16? Experts say yes, pointing to continued inflationary pressures from rising wages (see below).

JULY

7 U.S. EMPLOYMENT REPORT. On May 5, the national unemployment rate hit 3.9%, a 30-year low. This, in combination with a galloping economy, has caused wages and benefits to take off this year. The jobless rate may drop even further this month, and "wages and benefits should continue to accelerate," predicts Michael Boldin, director of real-time economics at DismalScientist.com.

8 FOURTH HARRY POTTER BOOK GOES ON SALE. Boy wizard Harry Potter has worked magic for Scholastic (SCHL), the publisher, bringing in $100 million in revenues in 1999 alone. The first printing of the fourth volume in J.K. Rowling's seven-book series will be 3.8 million copies--and the first three books are still on the New York Times bestseller list. Analysts' consensus for Scholastic's long-term future growth rate: 20% a year.

--JUDY FELDMAN