6 Key economic events this week (and why each is important):

by TonyLiberty

  1. Consumer Confidence data (Tuesday): A higher level of consumer confidence usually indicates that consumers are more willing to spend money, which can boost economic growth. Consumer Confidence data can be a great indicator of future spending habits.

2. Home sales data (Wednesday): The housing market is a crucial part of the economy, and home sales data can give an indication of the overall health of the housing market. Home sales data is a great indicator of future economic growth.

3. Q4 2022 GDP data (Thursday): A strong GDP report can indicate that the economy is growing, which can lead to more jobs and higher wages.

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4. Treasury Sec. Yellen speaks (Thursday): As the Treasury Secretary, Janet Yellen’s statements can significantly impact financial markets. She is one of the most important economic policymakers in the world.

5. PCE inflation data (Friday): A higher-than-expected inflation rate could lead to an increase in interest rates, which can impact economic growth and financial markets. PCE inflation data is a good indicator of future interest rate changes.

6. 4 Fed speakers this week: The Federal Reserve is the central bank of the United States. Its decisions can have a big impact on the economy.

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