Investing.com -- U.S. inflation figures and the start of corporate earnings season will be the main highlights of an otherwise quiet week on the economic calendar. Inflation data for December will help influence the size of the Federal Reserve’s next rate hike, while corporate earnings will give an important insight into the health of the economy amid concerns over a potential slowdown. U.K. GDP, Japanese inflation, and Eurozone data will also be in focus.
U.S. data on Friday showed that December payrolls expanded more than expected even as wage increases slowed and services activity contracted, easing worries about the Fed’s monetary policy path. Fed officials on Friday acknowledged cooling wage growth and other signs of a gradually slowing economy, with Atlanta President Raphael Bostic hinting at the chance of a quarter percentage pointEarnings season gets underway
Companies are due to start reporting fourth quarter earnings in the coming week with investors looking for signs of a potential economic slowdown filtering through to bottom lines.
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Stock market rally? Really?