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U.S. Day Ahead: Watch Fed's Beige Book for hiring signs

Wednesday, January 11, 2012 - 02:06

Jan. 10 - Reuters Correspondent Pedro Da Costa says the Fed's Beige Book might indicate the first signs of hiring after a strong Jobs Report. But he adds it may also offer clues about a potential slowdown.

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Here's the US ahead we'll get a snapshot of the strength of the recovery when the Federal Reserve releases Beige Book. Add to the -- in the last November read the economy increased at a tepid pace with expansion in manufacturing and bank lending. Reuters correspondent head of -- Costas says pay special attention to what the report says about employment. We had a strong December jobs reports that one of you looking at whether there's been hiring that's filtered through into the start of this year and late last year. And the other factors there's some expectation that the economy will slow down in the first quarter and the Beige Book could offer the first inkling that. We'll also get insight from -- Central Bank speakers at 8:40 AM Chicago fed president Charles Evans gives his take on current economic conditions. At nine duly appointed voting member and Atlanta fed president Dennis Lockhart discusses his outlook. And at 1230 Philadelphia fed president Charles Plosser talks about the future direction for growth. Chevron will give an update of how -- -- in the fourth quarter before the bell. Back then the second largest US oil companies enjoy higher crude prices than a year ago. But don't expect any new information on its legal battles over November spill off Brazil. That might come when Chevron released its full results and a few weeks. Housing and retailers -- to dominate corporate results investors we'll hear from -- Supervalu before trading begins. Folks of the analysts Supervalu says about building discount stores and debt levels no major earnings surprises are expected according to start line. Looking for the next big idea. Well the Consumer Electronics Show -- habit. Xerox's chief executive Ursula burns and -- boss Alan Mulally speaking about innovation on a morning panel. So far attendees of the treaty to previews of new laptops and Smartphones. Still there is speculation over the long term viability of the event. Given that is often overshadowed by apple product launches an apple does not participate in C yet. I'm Fred Katayama and this is Reuters Insider.

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U.S. Day Ahead: Watch Fed's Beige Book for hiring signs

Wednesday, January 11, 2012 - 02:06