Economic Analysis – Week of January 28, 2015

The European Central Bank announced a quantitative easing program that is larger than analysts had predicted. As a result, equities gained, the euro fell and interest rates will likely decrease. The devaluation of the Euro may increase exports for Europe. US manufacturing should remain unaffected as the stronger dollar will be negated by increased demand from Europe. Crude oil prices descending to the lowest point in nearly eight years has hurt the US energy sector but has been positive for the economy overall and has led to strong consumer confidence.

More analysis of this week’s news by Econoday’s Senior Economist Mark Rogers:

Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

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