As traders approach another pivotal day for financial markets on Tuesday, January 14, 2025, a series of crucial economic data releases and Federal Reserve speeches are expected to sway market dynamics. The Producer Price Index (PPI) will be in focus, offering insights into inflationary pressures at the producer level. Additionally, market participants will closely monitor comments from Federal Reserve officials for clues on the central bank's monetary policy outlook.
Major Economic Events to Watch:
• 8:30 AM ET - PPI (Dec): A key indicator of inflation at the producer level, forecast at 0.4%, previous 0.4%.
Other Important Economic Events to Watch:
• 8:30 AM ET - Core PPI (Dec): Excludes food and energy, forecast at 0.2%, previous 0.2%.
• 12:00 PM ET - EIA Short-Term Energy Outlook: Provides forecasts for energy consumption, supply, and prices.
• 3:05 PM ET - FOMC Member Williams Speaks: New York Fed President's comments on economic outlook and monetary policy.
• 4:30 PM ET - API Weekly Crude Stock: Inventory levels of US crude oil, previous -4.022M barrels.
Other Economic Events to Watch:
• 6:00 AM ET - NFIB Small Business Optimism (Dec): Indicates small business health, forecast at 101.3, previous 101.7.
• 8:30 AM ET - PPI YoY (Dec): Year-over-year producer price changes, forecast at 3.4%, previous 3.0%.
• 8:30 AM ET - PPI ex. Food/Energy/Trade MoM (Dec): Core inflation measure, previous 0.1%.
• 8:30 AM ET - PPI ex. Food/Energy/Trade YoY (Dec): Year-over-year core inflation, previous 3.5%.
• 8:30 AM ET - Core PPI YoY (Dec): Year-over-year core producer prices, forecast at 3.7%, previous 3.4%.
• 8:55 AM ET - Redbook (YoY): Measures same-store sales growth, previous 6.8%.
• 10:00 AM ET - Fed Schmid Speaks: Kansas City Fed President's remarks on economic conditions.
• 10:05 AM ET - IBD/TIPP Economic Optimism (Jan): Measures economic sentiment, forecast at 55.1, previous 54.0.
For further information and the latest updates, please refer to our Economic Calendar, here.
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