Weekly Highlights
1/10/25: Resilient U.S. Labor Market Drives Economic Outlook
Market participants focused on better-than-expected labor market data this week, highlighting the resilience of the U.S. economy.
January 10, 2025
Market participants focused on better-than-expected labor market data this week, highlighting the resilience of the U.S. economy.
Although economic data was light in the final days of 2024 and first two days of 2025, further insight was provided this week regarding the US housing market, manufacturing, and employment.
The Federal Open Market Committee (FOMC) concluded their final meeting of 2024 this week and effectively ‘marked to market’ their go forward forecasts via the quarterly update to the Federal Reserve’s Summary of Economic Projections (SEP).
