Five significant U.S. economic data events from January 5 to January 9 are poised to impact market directions, with investors closely monitoring for signals on economic momentum and Federal Reserve policy. The week kicks off with the ISM Manufacturing PMI on January 5, a key indicator of economic health, followed by the ISM Services PMI and a speech by Fed President Tom Barkin on January 6. These releases are crucial as they reflect over 80% of U.S. economic activity.
On January 7, the ADP Employment Change, JOLTS Job Openings, and additional Fed speeches converge, providing insights into the labor market's strength. The week continues with Initial Jobless Claims and Consumer Credit data on January 8, which could indicate stress levels in the economy. The week concludes with the Non-Farm Payrolls report on January 9, a pivotal release that could influence the Federal Reserve's rate decisions. Cryptocurrency markets, known for their volatility, are expected to react significantly to these macroeconomic signals.
Key U.S. Economic Data Events to Influence Markets from Jan 5-9
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