Economy

This Week in Commerce: Amazon and Hershey earnings, Fed decision

black Samsung Galaxy smartphone displaying Amazon logo

Welcome to a new week. It’s an active week for the consumer economy. The Fed will issue its latest decision on interest rates, while Amazon and key consumer goods brands such as Clorox offer insights in earnings reports. Check out what’s ahead:

Events

Manifest 2023: The community of logistics and supply chain professionals gather in Las Vegas to hear from more than 250 speakers. The event features more than 1,000 startups, and attendees from more than 50 countries. Jan. 31-Feb. 2

Economic indicators

Consumer Confidence: The Conference Board releases monthly data on consumer sentiment and expectations in areas such as purchasing and inflation. Jan. 31, 10 a.m.

FOMC: The Federal Reserve releases its latest decision on whether and by how much to hike benchmark interest rates. The Fed is on an aggressive campaign to bring down inflation. Feb. 1, 2 p.m.

Jobs Report: The U.S. Labor Department releases monthly data on the number of new jobs in the economy, and the unemployment rate. Feb. 3, 8:30 a.m.

Earnings

Monday, Jan. 30: Pitney Bowes

Tues., Jan. 31: Snap

Wed., Feb. 1: Meta

Thurs., Feb. 2: Amazon, Hershey, Clorox, Columbia Sportswear, Lightspeed Commerce, Skechers, HanesBrands

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Instacart rolls out generative AI, virtual store

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A pair of recent launches from Instacart highlight how the grocery ecommerce company is integrating two of the key emerging areas of technology into its offerings: Generative AI and marketplaces.

Let’s take a look:

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