The First Slice for Monday, January 1, 2024
As we step into the New Year, the financial world is gearing up for a week of significant economic data and corporate earnings reports. With markets closed on Monday for New Year’s Day, the action starts right after the holiday break.
Investors will kick off 2024 by closely watching the latest projection of U.S. gross domestic product (GDP) from the Atlanta Federal Reserve, providing insights into the nation’s economic health. Additionally, data on construction spending and factory orders will be scrutinized, giving us a glimpse into different sectors of the economy. Market watchers are eager to dissect the minutes from the Federal Open Market Committee (FOMC) meeting, where the Federal Reserve’s recent interest rate decision was discussed.
However, the spotlight of the week will shine on Friday’s U.S. employment report. This report is particularly significant as it will reveal whether employers can sustain job growth, a key factor amid expectations of Federal Reserve interest-rate cuts in 2024. Leading up to this report, we’ll receive updates on job openings, initial jobless claims, and private-sector employment data.
In the corporate world, companies like Walgreens Boots Alliance Inc., Conagra Brands Inc., and Constellation Brands Inc. are scheduled to release their earnings reports, offering insights into their performance and potentially influencing investor sentiment………[read more]
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