Morning Juice – US Session Prep (22nd January)

Sentiment
The dollar and Treasuries were little changed after a breakthrough in talks over Greenland helped steady US assets following a broad selloff earlier in the week. Investors are awaiting US PCE data later in the day for further clues on the outlook for inflation and interest rates.

The US currency has fallen about 0.5% this week after Trump threatened to impose tariffs on European countries opposing Washington’s moves in Greenland.

Docket
8:30 ET
US GDP QoQ Final for Q3
Forecast: 4.3% | Prior: 4.3% | Range: 4.8% / 4.2%
Weekly Initial Jobless Claims
Forecast: 209K | Prior: 198K | Range: 220K / 196K

10:00 ET
US PCE Price Index for October-November 
YoY – Forecast: 2.8% | Prior: 2.8% | Range: 3.1% / 2.5%
MoM – Forecast: 0.2% | Prior: 0.3% | Range: 0.3% / 0.1%
Core YoY – Forecast: 2.8% | Prior: 2.8% | Range: 3.1% / 2.5%
Core MoM – Forecast: 0.2% | Prior: 0.2% | Range: 0.3% / 0.1%
US Consumer Spending MoM – Forecast: 0.5% | Prior: 0.4% | Range: 0.7% / 0.2%

12:00 ET
EIA Crude Oil Inventories
Forecast: -0.108M | Prior: 3.391M | Range: 2M / -6.497M

13:00 ET
US 10-Year TIPS
Prior High Yield – 1.843%
Prior Bid-to-Cover – 2.410

Speakers & Events
N/A

Earnings
16:00 ET
Intel Q4 2025 Earnings
Estimated EPS $0.09
Estimated $13.42B

Good Luck!