U.S. economic growth, wages among week’s key data reports
WEEKLY MARKET COMMENTARY |
This week will provide critical answers that investors have been looking for with respect to the pace of U.S. growth, wages and salaries. Investors will also get a look at the Federal Reserve’s assessment of the recent increase in consumption and the strength of the U.S. dollar.
While it will be a busy week of U.S. data releases, investors may also continue to assess the European Central Bank’s (ECB) $1.3 trillion open-ended asset purchase program. The initial announcement roiled foreign exchange markets and some participants appeared caught off guard by the aggressive monetary stance adopted by the ECB. Look for more volatility in fixed income and foreign exchange markets this year as the major central banks diverge in policy.
The U.S. Treasury will sell $26 billion in two-year notes and $15 billion in two-year floating rate notes on Jan. 27. On Jan. 28 the Treasury will sell $35 billion in five-year notes and on Jan. 29, $29 billion in seven-year notes.