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January 22, 2026
January 21, 2026
Trump on Greenland and the Fed
January 21, 2026 4:12 PM UTC
Trump has provided some relief to markets by stating that he will not take Greenland by force, though his tone towards Europe remains hostile, suggesting that he will impose tariffs, which may receive a limited European response. Separately Trump stated he would announce a new Fed Chair soon.
Preview: Due January 22 - U.S. Final (Second) Estimate Q3 GDP - Marginally stronger still
January 21, 2026 3:25 PM UTC
We expect a marginal upward revision to Q3 GDP to 4.4% from an already strong 4.3%. The only component we are expecting a revision to is inventories, on an upward revision to September retail inventories led by autos.
Preview: Due January 22 - U.S. October and November Personal Income and Spending - Heading for annualized Q4 gains a little above 2.0%
January 21, 2026 1:58 PM UTC
January 22 will see a personal income and spending report for both October and November. We expect personal income to rise by 0.4% in October and 0.5% in November and personal spending to rise by 0.2% in October and 0.5% in November. For core PCE prices, we expect gains of 0.2% in October and 0.1%
South Africa Inflation Moderately Surged to 3.6% y/y in December
January 21, 2026 12:29 PM UTC
Bottom Line: Statistics South Africa (Stats SA) announced on January 21 that annual inflation edged up moderately to 3.6% y/y in December from 3.5% the previous month due to higher housing and utilities; and insurance and financial services prices. The change in the consumer price index (CPI) betwe