2017 Economic Calendar
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Market Reflections  

Highlights
February 1, 2017
The FOMC held rates unchanged and made few changes to the statement, though inflation has been upgraded which confirms expectations for several rate hikes this year perhaps as early as the next meeting in March. ADP heads the day's economic data showing very substantial strength but still not jarring, at least yet, expectations for no more than moderate strength in Friday's employment report. Not favorable, however, is a major decline in unit auto sales that points to a big dip for headline retail sales in January.

The Dow posted its first gain of the week, a small one to 19,890. Oil ended firm near $53.50 with gold steady near $1,210. Rates and the dollar were little changed.


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