Atlanta Fed GDPnow (Q4): 5.4% (prev. 5.4%)
The Atlanta Fed's latest GDPNow forecast for Q4 remains at 5.4%, indicating no upward or downward revision from their previous estimate.
US EIA Crude Oil Stocks Change (Jan/16) 3.602M vs. Exp. 1.1M (Prev. 3.391M)
Copper production at a Capstone Copper Corp. mine in northern Chile has halted amid a nearly three-week labour strike, Bloomberg reports
Atlanta Fed GDPnow (Q4): 5.4% (prev. 5.4%)
National Advertising Review Board concluded T-Mobile US (TMUS) failed to comply with recommendations for cost savings claim for its cellular service plans
US sells 4-week bills at a high rate of 3.630%, B/C 2.86x; sells 8-week bills at a high rate of 3.630%, B/C 2.84x
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This steady outlook suggests that expectations for economic growth are stabilizing, which may lend support to current market sentiment but could also impact the Fed's rate path going forward, particularly if these growth projections influence inflation expectations.
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