The Economic Week Ahead, January 17-20

We expect that more of the Fed's talking heads will be talking this week about monetary policy perhaps with a bit less agreement of what needs to be done next. They only have three days to do so before the FOMC blackout period begins.

The Q4-2022 earnings reporting season continues this week. More important than the quarter's results will be managements' guidance for this year. On Friday, the major banks announced that they are preparing for a mild recession even though consumers and businesses seem to be in good shape currently.