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๐ Key Events Today
๐บ๐ธ๐ทโโ๏ธ Initial Jobless Claims
๐บ๐ธ๐ Gross Domestic Product (Fourth Quarter)
๐บ๐ธ๐ธ Gross Domestic Product Price Index (Fourth Quarter)
๐บ๐ธ๐ Gross Domestic Product Sales (Fourth Quarter)
๐บ๐ธ๐ธ Personal Consumption Expenditures Prices (Fourth Quarter)
๐บ๐ธ๐ Wholesale Inventories
๐บ๐ธ๐ Pending Home Sales
๐ฌ The most important release today is jobless claims, as they provide the best insight into the long-term market outlook.
Gross domestic product data for the fourth quarter will also be released, but in my view, itโs already outdatedโit reflects what happened three months ago. Markets are more focused on whatโs happening in the first quarter right now. The Federal Reserve Bank of Atlanta projects first-quarter gross domestic product at 0.2%, but the official numbers wonโt come out for another month.