Key releases and events this week

Economic Data Releases

Tuesday, January 14th

• United States:
  • Core PPI m/m: 0.2% (previous: 0.2%)
  • PPI m/m: 0.4% (previous: 0.4%)

Wednesday, January 15th

• United Kingdom:
  • CPI y/y: 2.6% (previous: 2.6%)
• United States:
  • Core CPI m/m: 0.2% (previous: 0.3%)
  • CPI m/m: 0.3% (previous: 0.3%)
  • CPI y/y: 2.9% (previous: 2.7%)
  • Empire State Manufacturing Index: -0.3 (previous: 0.2)

Thursday, January 16th

• Australia:
  • Employment Change: 14.5K (previous: 35.6K)
  • Employment Rate: 4.0% (previous: 3.9%)
• United Kingdom:
  • GDP MoM: 0.2% (previous: -0.1%)
• United States:
  • Core Retail Sales m/m: 0.5% (previous: 0.2%)
  • Unemployment Claims: 210K (previous: 201K)
  • Philly Fed Manufacturing Index: -7.0 (previous: -16.4)

Friday, January 17th

• China:
  • GDP q/y: 5.0% (previous: 4.6%)
  • Industrial Production y/y: 5.4% (previous: 5.4%)
  • Retail Sales y/y: 3.5% (previous: 3.0%)
• United Kingdom:
  • Retail Sales: 0.4% (previous: 0.2%)
• United States:
  • Building Permits: 1.46M (previous: 1.49M)

Federal Reserve Updates

• The Fed reduced expected rate cuts in December (dot plot adjusted to 2 cuts from 4).
• Market pricing:
  • No rate change in January.
  • Only a 22% chance of a rate change in March.

Fedspeak Schedule (Subject to Change):

• Tuesday:
  • FOMC Schmid (10 AM ET)
  • FOMC Williams (3:05 PM ET)
• Wednesday:
  • Barkin (9:20 AM ET)
  • Kashkari (10 AM ET)
  • Williams (11 AM ET)
  • Goolsbee (12 PM ET)
  • Fed Beige Book release (2 PM ET)
• Thursday:
  • Williams (11 AM ET)

Earnings Calendar

Wednesday:

• Citibank
• Wells Fargo
• BlackRock
• Bank of New York

Thursday:

• TSMC
• UnitedHealth
• Goldman Sachs
• Bank of America
• Morgan Stanley
• US Bancorp
• PNC

This article was written by Greg Michalowski at www.forexlive.com.