Economic Events and Analysis
Week of January 26 - 30
US Calendar: The highlight this week is the Fed's FOMC announcement on Wednesday. The Fed is watching both labor market conditions and inflation. Recent Fed comments have suggested no rate increase until after the March meeting but traders will be watching to see if there is a change in that stance. Friday, we get a first look at fourth quarter GDP and to what extent slowing in global growth might be impacting the U.S. Updates on the wavering housing and manufacturing sectors also are posted.
Global Calendar: The Federal Reserve meets Wednesday. No policy change is anticipated. The U.S. and UK report their respective first estimates of fourth quarter growth. Japan posts its usual end of month deluge of economic reports including unemployment, industrial production, consumer prices, household spending and retail sales.