By Evelina M. Tainer, Chief Economist, Econoday
January 24, 2003

Aside from sparse economic news and mediocre earnings reports, Iraq and North Korea took center stage in the media. Constant talk of war is not conducive to rising equity prices or positive consumer attitudes. The upcoming week will bring much more news about economic conditions. In addition, Hans Blix will report Monday to the UN Security Council and President Bush will deliver his State of the Union address on Tuesday. According to reports, Bush will primarily focus on economic issues. The FOMC is meeting on Tuesday and Wednesday, although no one expects any change in policy.