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Weekly outlook: Tesla, Apple and Diageo report; Federal Reserve holds first policy decision of 2021

-UK unemployment and wage growth figures  – US Case-Shiller house price index  -Flurry of US companies report including Microsoft, Johnson & Johnson, Verizon, Texas Instruments, Starbucks, General Electric and Lockheed Martin  Wednesday 27 January -Federal Reserve policy decision The Fed is not expected to change tack in its first of eight policy meetings this year, says AJ Bell investment director Russ Mould. Interest rates have remain unchanged at 0.25% since March and the central bank is likely to continue purchasing $120bn of debt per month for the foreseeable future. Mould says: “Economists will look for commentary on inflation, employment and the US economy but the Fed seems in no rush at all to tighten policy, especially as it is moving to inflation averaging as a target – so that it will tolerate an overshoot in inflation relative to its 2% target after any prolonged period of undershooting it. At the moment, that means a fair portion of the last decade.”

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