Three things to keep in mind by Investing.com

© Reuters.  FHFA special advisor Bob Ryan to leave July 12

© Reuters.

By Liz Moyer Investing.com – As bitcoin soared above $ 52,200 on Wednesday, central bankers confirmed that the economic recovery will take some time, leaving no doubt that rates will remain near zero in the middle. of massive movements to stimulate growth. The Federal Reserve’s January rate-setting meeting said the economy is still far from inflation and employment targets. it rebounded in January, rising 5.3% from a decline in December, beating economists’ forecasts for a 1.1% rise. The employment data to be released on Thursday could show some progress in getting people back to work, or not. Still, with the launch of the vaccines and another round of stimulus from Washington, the reopening of trade could be in the early innings. They set another record, as energy helped offset technology-driven drops. The US energy sector is getting a boost from a cold snap in the South that disrupted operations in oil and. Here are three things that could affect the markets tomorrow. 1. Weekly unemployment readings are expected to be around 765,000, which would be lower than the 793,000 reported the previous week, but the trend is still high and indicates that companies are still struggling with the consequences of the pandemic. Claims are expected to be 4.1 million, only slightly down from 4.5 million the previous week. Both numbers are reported at 8:30 am ET (1330 GMT). 2. Home Home Another sign of recovery is home buying, something that was a hot topic last year when families left cities for the relative space of the suburbs. for January it is expected to be 1.66 million, slightly below the 1.67 million the previous month. But the trend is clearly on the upside in recent months after touching below 1 million in June and May of last year. Data also comes out at 8:30 am ET. 3. Oil Inventories With oil above $ 60 this week after a cold snap in the southern US disrupted production, we get inventory data for the previous week. Inventories are expected to fall 2.4 million. A drop in inventory can be seen as a positive sign of demand. The data is expected to come out at 11:00 a.m. M. ET, after a one-day vacation delay. The industry’s own estimate on Wednesday said crude stocks fell 5.8 million barrels last week.

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