Weekend:
• Schedule for Week of January 23, 2022
• FOMC Preview: Final Asset Purchase Announcement Expected; Hints at “Liftoff” in March
Monday:
• At 8:30 AM ET, Chicago Fed National Activity Index for December. This is a composite index of other data.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are up 19 and DOW futures are up 106 (fair value).
Oil prices were up over the last week with WTI futures at $85.14 per barrel and Brent at $87.89 per barrel. A year ago, WTI was at $53, and Brent was at $55 – so WTI oil prices are up about 60% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.29 per gallon. A year ago prices were at $2.39 per gallon, so gasoline prices are up $0.90 per gallon year-over-year.
