As traders approach another pivotal day for financial markets, Thursday, January 9, 2025, brings a series of crucial economic data releases and Federal Reserve speeches that could sway market dynamics. The spotlight will be on the initial jobless claims report, which serves as a key indicator of the U.S. labor market’s health. Additionally, several Federal Reserve officials are scheduled to speak, potentially offering insights into future monetary policy decisions.
Major Economic Events to Watch
• 8:30 AM ET – Initial Jobless Claims: Expected at 210K, previous 211K. This weekly report measures first-time unemployment insurance claims.
Other Important Economic Events to Watch
• 8:30 AM ET – Continuing Jobless Claims: Previous 1,844K. Measures ongoing unemployment benefit claims.
• 9:00 AM ET – FOMC Member Harker Speaks: Philadelphia Fed President to provide economic insights.
• 1:00 PM ET – Atlanta Fed GDPNow: Forecast 2.7%, previous 2.7%. Real-time estimate of GDP growth.
• 1:35 PM ET – FOMC Member Bowman Speaks: Fed Governor to discuss economic outlook.
• 4:30 PM ET – Fed’s Balance Sheet: Previous $6,852B. Weekly report on Fed’s assets and liabilities.
• 4:30 PM ET – Reserve balances with Federal Reserve Banks: Previous $2.892T. Indicates depository institutions’ account balances.
Other Economic Events to Watch
• 6:00 AM ET – NFIB Small Business Optimism: Previous 101.7. Indicates small business sentiment.
• 7:30 AM ET – Challenger Job Cuts: Previous 57.727K. Reports on announced corporate layoffs.
• 8:30 AM ET – Jobless Claims 4-Week Avg.: Previous 223.25K. Smoothed measure of weekly jobless claims.
• 10:00 AM ET – Wholesale Inventories: Forecast -0.2%, previous -0.2%. Measures change in wholesale inventory levels.
• 10:00 AM ET – Wholesale Trade Sales: Previous -0.1%. Indicates change in wholesale sales value.
• 10:30 AM ET – Natural Gas Storage: Previous -116B. Measures weekly change in natural gas inventories.
• 11:30 AM ET – 4-Week Bill Auction: Previous 4.265%. Treasury bill auction results.
• 11:30 AM ET – 8-Week Bill Auction: Previous 4.240%. Treasury bill auction results.
• 12:40 PM ET – FOMC Member Barkin Speaks: Richmond Fed President to provide economic insights.
• 1:30 PM ET – Fed Schmid Speaks: Kansas City Fed President to discuss economic outlook.
For further information and the latest updates, please refer to our Economic Calendar, here.
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