Highlights
Markets will watch for follow-up comments from Federal Reserve officials after yesterday's Fed policy announcement including two dissents from governors Stephen Miran and Christopher Waller. The latter is more interesting as Waller's views reflect mainstream thinking.
A decent batch of economic indicators on tap including weekly jobless claims at 8:30 am ET. The Econoday consensus forecast looks for claims up to 205K from 200K last week.
Meanwhile, lots of focus on geopolitical risk with President Trump's threatening comments aimed at Iran. Trump is reportedly considering a range of options including air attacks targeting Iran's leadership, evidently aimed at supporting protesters seeking to overthrow the government. Finally, the prospect of another partial government shutdown continues to percolate as the dispute over funding the president's crackdown on immigrants and cities like Minneapolis divides Congress and threatens passage of funding measures.
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.