The U.S. economic calendar picks up this week with a wide range of economic reports on the housing market, manufacturing, trade, personal income & spending, and consumer confidence, along with the latest rate decision from the Federal Reserve Open Market Committee.
The consensus forecasts are that U.S. personal income & spending rose 0.3% in December, durable goods orders rebounded 0.5% higher last month, and the Fed is expected to keep rates on hold In overseas developments, the U.K. officially leaves the EU on Friday and we’ll get new figures on German unemployment and consumer price inflation, Japanese industrial production, retail sales, and unemployment, and the official Chinese reading on manufacturing PMI. Have a great week and don’t miss next week’s ReMA Market Report for a recap of the week’s key economic, commodity, and scrap market highlights.
