Morning, Traders!
It is Monday the 23rd of January, the beginning of the Fed blackout period ahead of the February FOMC meeting.
It's a quiet start to the week, but here are some things to look out for ahead of today's session.
Sentiment
US Treasury Secretary Janet Yellen stated that she is encouraged by inflation prgress, with energy prices and supply-chain issues easing globally even as the US labor market remains strong.
According to a new survey of business economists, job market conditions are beginning to soften, with firms reporting easing labor shortages and a reduction in hiring expectations.
President Biden "looks forward" to meeting with new Republican House Speaker Kevin McCarthy to discuss a variety of issues, but negotiations on raising the US debt limit are off the table, according to the White House.
World Bank President Malpass expressed concern that the global economic slowdown this year could be "long-lasting."
Docket
10:00 AM ET
Eurozone Consumer Confidence January Flash
Median Forecast: -20 | Prior: -22.2 | Range: -17 / -23
11:30 AM ET
US sells $60 bln of 3-month Bills.
US sells $48 bln of 6-month Bills.
Speakers
8:30 AM ET
ECB's Visco speaks at an event in Rome.
9:30 AM ET
ECB's Panetta speaks in the European parliament.
12:45 PM ET
ECB's President Lagarde gives a speech at the Deutsche Börse annual reception in Eschborn.
Good luck!
