Morning, Traders!
It is Wednesday the 3rd of January, here are some things to look out for today.
Sentiment
Treasuries have steepened and money markets have reduced Fed rate-cut bets ahead of ISM manufacturing, JOLTS data, and the minutes from last month's FOMC policy meeting.
Fed's Barkin, a voter this year, discusses the economic outlook this morning. The first Fedspeak of 2024.
Stock futures point to a lower open, while the dollar extends its winning streak to four days, the longest since November, and the Japanese yen underperforms.
Docket
10:00 ET
US ISM Manufacturing PMI for December
Median Forecast: 47.2 | Prior: 46.7 | Range: 48.1 / 45
US JOLTS Job Openings for November
Median Forecast: 8.863M | Prior: 8.733M | Range: 9M / 8.5M
14:00 ET
FOMC Meeting Minutes for the December meeting.
Speakers
Fed's Barkin speaks to the Raleigh Chamber of Commerce about the economic outlook.
Text: Yes.
Q&A: Yes, with the audience.
Good luck!