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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