This week's events include the most recent job and unemployment data, the minutes from the most recent Fed meeting and revised projections of the US GDP

After the break, an abundance of economic data will be presented to investors, and corporate earnings will pick back up in 2024.

The week will begin with the most recent estimate of the gross domestic product (GDP) in the United States from the Federal Reserve of Atlanta. Additionally, statistics on factory orders and construction spending will be released. The minutes from the most recent Federal Open Market Committee (FOMC) meeting will be scrutinised by market observers, providing investors with information on the Fed's most recent interest rate decision.

Nonetheless, the most significant data releases occur later in the week, with investors probably paying the greatest attention to Friday's U.S. jobs report. Updates on job vacancies, initial unemployment claims, and employment in the private sector will also be sent to market observers before that.

The biggest firm to release earnings this week is Walgreens Boots. Conagra Brands and Constellation Brands are also expected to release profits this week.

Week Ahead:

• January 2^nd (Tuesday): Final S&P US Manufacturing PMI, Construction Spending
• January 3^rd (Wednesday): US Job Openings, ISM Manufacturing PMI, FOMC minutes
• January 4^th (Thursday): Initial Jobless Claims, ADP employment, Walgreens Boots, Conagra Brands earnings
• January 5^th (Friday): US Employment Data, ISM Services PMI, Constellation Brands earnings

Jobs Report To Show Investors How Strong the Labour Market Is

Investors will be focusing on the resilience of the labour market, which has so far kept the economy booming despite a series of rate rises intended to counter growing inflation, as they predict Federal Reserve interest-rate reduction in 2024.

The labour market's success in 2024 will be largely determined by the results of this week's influx of fresh employment data, which market observers will be able to learn more about.

FOMC Minutes Will Provide Details on the Timing of Rate Cuts

Investors will have the opportunity to examine the minutes from the Federal Reserve's most recent meeting, which saw the institution maintain interest rates constant while hinting at further rate rises. The minutes were made public on Wednesday. The minutes will provide an overview of the discussions that went into the FOMC meeting on December 12–13.

Fed Chair Jerome Powell stated during a news conference following the interest rate decision that the committee had started talking about rate reduction for 2024. The most recent meeting minutes will probably shed further light on these talks and the possible timeline for such cuts.

(Sources: ft.com, investopedia.com)