1/23/23

Economic reports are limited today, with only the release of the Leading Index. This index is a composite measure used to predict future economic trends. The December reading came in at -1.0%, higher than the expected -0.7% contraction, which is considered somewhat positive before the Federal Open Market Committee (FOMC) meeting on January 31st. Additionally, the Fed has entered its blackout period, where no further comments will be made by Fed officials until the next interest rate announcement on February 1st, following the conclusion of the first FOMC meeting of 2023.

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