Weekly Outlook: Big Week for U.S. Economy

Today marks the start of a new month and a big week for the U.S. economy.  There are several Federal Reserve speeches throughout the week capped off by the January jobs report on Friday. In addition to Friday’s jobs report, there’s much anticipation around Fed Chair Janet Yellen’s testimony Feb. 10-11 on Capitol Hill.  Many are saying that the first two weeks in February will either leave the possibility of a March hike on the table or fully extinguish the possibility.  

 

Economic Calendar

Monday:

Federal Reserve Vice Chair Stanley Fischer speech 1:00 PM ET

 

Tuesday:

Kansas City Federal Reserve Bank President Esther George speech 1:00 PM ET

 

Wednesday:

MBA Mortgage Applications 7:00 AM ET

ADP Employment Report 8:15 AM ET

 

 Thursday:

U.S. Challenger Job-Cut Report 7:30 AM ET

Cleveland Federal Reserve Bank President Loretta Mester speech 4:30 PM ET

 

Friday:

U.S. Employment Situation 8:30 AM ET

U.S. Treasury STRIPS 3:00 PM ET

 

Links:

Oil and natural gas consolidation will likely increase (Bloomberg)

U.S. oil exports off to slow start (FuelFix)

Japan just made interest rates negative. What does that mean (Reuters)

You’ve never heard of the best performing stock over the last 30 years (WSJ)

South Korea’s exports are dropping. What does that mean for the world? (Quartz)

More than $70 million in campaign ads spent on Iowa caucuses (MSNBC)

Profile of Douglas Diamond, the Father of Modern Banking Theory (OpenMarkets)

Warren Buffet vs. Elon Musk in the battle over solar power (BusinessWeek)

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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