Fed Monetary Policy Wednesday [Video]
|A couple of November reports regarding the UK economy open this agenda at 9:30 in the morning, including the high importance Consumer Price Index. The overall inflation was unchanged in October at an annual rate of 2.4 percent. Producer Prices is the other publication released at this time. Both input and output prices were up in October, but market estimates are for both measures to contract this time around. The US third quarter Current Account stats will be available at 1:30 PM GMT. The current account deficit narrowed down by more than 20 billion US Dollars in the second quarter. The high importance release of the Canadian Consumer Price Index for November is scheduled at 1:30 PM as well. Month over month, the CPI increased by point three percent in October. Prices for airfares, passenger vehicles and travel tours accelerated the most. The report of the US Existing Home Sales for November continues the data run at 3 PM GMT. Sales increased by 1.4 percent month on month in October to a seasonally adjusted rate of 5.22 million. The key event of the for Greenback traders follows at 7 PM GMT when the FOMC Monetary Policy Announcement takes place. The Fed Chair Jerome Powell will speak at a press conference a half an hour later. Economists are mostly anticipating a rate hike, despite the recent market turbulence. The high importance New Zealand GDP release for the third quarter follows at a quarter to 10. Economy expanded at a quarterly pace of one percent in the June quarter. Agriculture, forestry and fishing sector was up by 4.1 percent, while mining plummeted by 20 percent. The New Zealand Trade Balance data for November will be available at the same time. Trade deficit narrowed down to nearly 1.3 billion New Zealand Dollars in October and this was the fifth consecutive month in the negative territory. The high importance Australian Labour Force Survey for November is the final item on this busy agenda. The seasonally adjusted employment was up by almost 33 thousand in October, but unemployment rate stood steady at 5 percent.
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