A look at some of the key business events and economic indicators upcoming this week:
EYE ON CONSUMERS
Economists project that a barometer of U.S. consumer confidence rebounded after declining last month.
They expect that the Conference Board’s consumer confidence index rose to 128.4 this month, reflecting continued economic expansion and a national unemployment rate at historic lows. A reading of 90 or better reflects a healthy economy. The latest index is due out Tuesday.
Consumer confidence, by month:
Jan. (est.) 128.4
THE FED SPEAKS
The Federal Reserve issues an interest rate and economic policy update Wednesday.
The central bank’s policy-making committee saw much less risk of recession at its meeting last month, when it kept interest rates steady after three straight cuts. The officials also signaled that they expected to keep low rates unchanged this year to cushion the U.S. economy from slow global growth and U.S. trade conflicts.
Wall Street expects that Amazon’s latest quarterly report card will show mixed results.
Analysts predict the online retailer will report Thursday that its fourth-quarter earnings declined from a year earlier, even as revenue increased. Amazon’s profits took a hit in the third quarter as it ramped up spending in a push to cut its package delivery time to one day instead of two.