The Fed's favorite inflation gauge is set for release next week
Next week is officially the first full week of trading in 2025, and it will be a busy one. While things get off on to a slow start, the Federal Open Market Committee's (FOMC) interest rate update is due out in the middle of the week. Plus, the end of the week will feature the Fed's favorite inflation gauge, the personal consumption expenditure (PCE) index.
Meanwhile, earnings season is still in full-swing. Investors can expect to hear from AT&T (T), Boeing (BA), Chevron (CVX), Exxon Mobil (XOM), Meta Platforms (META), Tesla (TSLA), Starbucks (SBUX), Visa (V), and many more.
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
Monday, January 27 features new home sales data.
Consumer confidence data will headline Tuesday, January 28, alongside durable goods orders and the S&P Case-Shiller home price index.
Things will be busy on Wednesday, January 29. Most notably, the FOMC will announce its interest rate decision, followed by a press conference from Fed Chair Jerome Powell. Additionally, U.S. trade balance in goods, retail inventories, and wholesale inventories data are on tap.
Jobless claims data are slated for Thursday, January 30, as are a gross domestic product (GDP) update and pending home sales.
Rounding out the week, Friday, January 31, traders will digest PCE data, alongside the employment cost index, personal income, personal spending, and the Chicago Business Barometer.