Summary
TLDR: This week in the US markets is shorter due to Presidents Day, with key economic events including the release of the Federal Reserve FOMC Meeting minutes and S&P Global Services PMI data. The US Federal Reserve vice chair will also provide insights into the nation’s monetary policy. Earnings season is in full swing with approximately 15% of S&P 500 companies announcing their earnings, including Nvidia. Bitcoin crossed the $50,000 threshold and the overall crypto market cap hit $2 trillion last week.
Key Points
1. The United States markets will have a shorter trading period this week due to Presidents Day, leading to a packed schedule of economic events for investors to navigate.
2. On February 21, the Federal Reserve FOMC Meeting minutes will be released, with speculation on how the Fed will approach interest rates, potentially leading to cuts later in the year.
3. Throughout the week, Federal Reserve officials will be giving speeches, with particular interest in the speech by Vice Chair Philip Jefferson discussing the US economic outlook and monetary policy.