Effects of government closure
  • Homebuyers and lenders are beginning to see effects of the shutdown as an IRS income verification operation goes dark. The move may lead to delays in borrowers getting approved for mortgages. The IRS said it is barred from processing paperwork without a deal.
  • The Securities and Exchange Commission, for the most part, isn't opening fresh probes for new initial public offerings or applications from mutual fund companies to launch exchange-traded funds.
  • If shutdown standoff continues, all workers in the agencies and departments affected will miss their next paycheck on January 11.
Monday | Jan 7, 2019
at the agencies

Wednesday, Jan 9
FEDERAL RESERVE
Federal Open Market Committee releases the minutes from its December 18-19, 2018 policy meeting at 2 pm EDT.  Investors  will be looking  for signs that officials were more worried about the economy than they revealed in their policy statement and unanimous vote to raise rates.
across the globe

American officials are scheduled to visit Beijing this week to resume trade talks.

Tuesday, Jan 8
LONDON, U.K.
Final British Parliament budget vote is due, but Brexit developments will once again come front and center as Britain is still scheduled to exit the EU on March 29, 2019.
other events

Tuesday, Jan 8
WASHINGTON DC
The World Bank updates its Global Economic Prospects report, with forecasts for global growth.

Thursday, Jan 10
WASHINGTON DC
Federal Reserve Chair Jerome Powell's speech to the Economic Club of Washington D.C. is likely to garner market attention.

Thursday, Jan 10
U.S. Climate Prediction Center's next monthly El Nino update is still scheduled to be published, despite partial government shutdown.
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