MACROECONOMICS

January FOMC: The Weight of the Labor Market and Banking System

Assessment of the influence of the labor market and banking system on the FED's interest rate decision last week

Today (02/04), Powell's interview with 60Minutes will air at 7 PM (ET) - the discussion content focuses on the interest rate cut process and the current state of the banking system. 

After January FOMC, NYBC issues and last week's Non-Farm Payrolls survey (NFP) are making the market look forward to Powell's speech tonight: it will more or less reflect the Fed's stance on interest rates. 

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