CIBC Capital Markets: Focus on consumption spending in the US this week

CIBC Capital Markets analysts suggest that there’s a lot of data due in the week ahead for the US economy but most of it of secondary importance.

Key Quotes

“We would keep an eye on January consumption spending, where we need to see at least some rebound from December’s dive, but might be disappointed in the magnitude.”

“There are several Fed speakers, & remember that there were still six “dots” representing FOMC members who expected one or 2 hikes this year, & none called for a cut. So don’t expect speeches, on average, to be as dovish as current market expectations.”