Highlights
A big day for economic data headlined by personal income and spending, jobless claims, and final GDP for Q4, all at 8:30 am ET.
For personal income, the Econoday consensus looks for an increase of 0.4 percent with spending up 0.5 percent on the month. For PCE prices, the consensus expects monthly gains of 0.4 percent and 0.3 percent for core. Claims are expected up to 213K in the latest week from 202K last week. GDP is seen unrevised at 0.7 percent for Q4.
Meanwhile, oil prices are up so far today but not recovering all of Wednesday's drop. Doubts are creeping in about the ceasefire in the Iran war mostly given the range of disagreements over the tentative accord -- including whether the ceasefire was supposed to apply to Israeli attacks on Hezbollah in Lebanon. Attention turning to weekend negotiations scheduled in Islamabad, Pakistan with the US delegation led by Vice President JD Vance.
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.