Highlights
A final day of Fedspeak today before the blackout period begins ahead of the Jan. 27-28 Federal Open Market Committee meeting. The speakers are Fed Governor Michelle Bowman at 11 am ET on the outlook for the economy and monetary policy before the Outlook '26 New England Economic Forum sponsored by the Massachusetts Bankers Association. Boston Fed President Susan Collins will introduce Bowman at 10:50 am ET but she is unlikely to address monetary policy.
The other speaker on the calendar is Fed Governor Philip Jefferson at 3 pm ET on the economic outlook and monetary policy implementation before the American Institute for Economic Research, Shadow Open Market Committee, and Florida Atlantic University Conference.
Remarks from many Fed speakers so far this week stressing concerns about excessive inflation, plus release of surprisingly buoyant economic indicators, have prompted markets to scale back expectations for rate cuts this year. The CBOE FedWatch tool shows markets are pricing overwhelming odds of no change in the federal funds rate target at the January meeting, at the March meeting, and at the April meeting, and basically a 50-50 chance in June of a 25 basis point cut. It also sees declining prospects for a second 25 bp cut by year end.
Oil prices are in focus again today after a big drop on Thursday as markets scale back expectations for US military intervention in Iran, which presumably would disrupt oil supplies. That came after President Trump said without citing evidence that he believed Iranian officials were no longer planning to execute protesters.
The other speaker on the calendar is Fed Governor Philip Jefferson at 3 pm ET on the economic outlook and monetary policy implementation before the American Institute for Economic Research, Shadow Open Market Committee, and Florida Atlantic University Conference.
Remarks from many Fed speakers so far this week stressing concerns about excessive inflation, plus release of surprisingly buoyant economic indicators, have prompted markets to scale back expectations for rate cuts this year. The CBOE FedWatch tool shows markets are pricing overwhelming odds of no change in the federal funds rate target at the January meeting, at the March meeting, and at the April meeting, and basically a 50-50 chance in June of a 25 basis point cut. It also sees declining prospects for a second 25 bp cut by year end.
Oil prices are in focus again today after a big drop on Thursday as markets scale back expectations for US military intervention in Iran, which presumably would disrupt oil supplies. That came after President Trump said without citing evidence that he believed Iranian officials were no longer planning to execute protesters.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
