The U.S. debt ceiling showdown, earnings from Netflix and Goldman Sachs, as well as meetings in Davos, will give investors plenty to digest this week.
Economic data being released on Wednesday includes mortgage applications, the Producer Price Index, inflation at the producer level, retail sales, industrial production, business inventories, and NAHB housing market index. Treasury Secretary Janet Yellen warned on Friday that the U.S. could reach its debt ceiling as early as Thursday. This could cause the
on its debt as early as June if Congress does not take action. The total will swell to $31.381 trillion. In other news, Federal Reserve Bank of New York President John Williams will participate at a hybrid event hosted by the Fixed Income Analysts Society at the Cornell Club in New York City. It will also be a busy morning for investors with earnings before the markets open coming out from Comerica, Fastenal, Fifth Third, KeyCorp, M&T Bank, Northern Trust, Procter & Gamble, and Synovus Financial.
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