Several Fed Presidents and Governors will offer remarks
The Federal Reserve is taking center stage again next week, with several officials expected to deliver speeches. Some key economic indicators are sprinkled in as well, with consumer credit, services, and trade deficit data on tap, in addition to a budget and economic outlook briefing.
The earnings docket is packed to the brim, with reports coming from Amgen (AMGN), Alibaba (BABA), Caterpillar (CAT), Chipotle Mexican Grill (CMG), CVS Health (CVS), Eli Lilly (LLY), Expedia (EXPE), Ford Motor (F), H&R Block (HRB), Hilton Hotels (HLT), McDonald’s (MCD), MicroStrategy (MSTR), ON Semiconductor (ON), PayPal (PYPL), PepsiCo (PEP), Spotify Technology (SPOT), Tyson Foods (TSN), Under Armour (UAA), and Walt Disney (DIS).
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
Monday, Feb. 5 brings the final services purchasing manager’s index (PMI) for January and the Institute for Supply Management (ISM) services index. Additionally, Atlanta Fed President Raphael Bostic will kick off a batch of speeches that will come throughout the week.
Cleveland, Minneapolis, Boston, and Philadelphia Fed Presidents Loretta Mester, Neel Kashkari, Susan Collins, and Patrick Harker will offer commentary on Tuesday, Feb. 6.
Trade deficit and consumer credit data is due out on Wednesday, Feb. 7. Speeches are coming from Boston and Richmond Fed Presidents Susan Collins and Tom Barkin, while Fed Governors Adriana Kugler and Michelle Bowman will also make remarks. Plus, the Congressional Budget Office (CBOE) will provide a budget and economic outlook briefing.
Thursday, Feb. 8 features the usual jobs data, wholesale inventories, and another speech from Fed Richmond Fed President Tom Barkin.
The busy week closes out with consumer price index (CPI) seasonal factor revisions on Friday, Feb 9.
Image and article originally from www.schaeffersresearch.com. Read the original article here.