Week Ahead: US macro market movers – TDS
|Strategist at TD Securities (TDS) offered a brief preview of this week's key event/macro data from the US – the latest FOMC monetary policy update on Wednesday and the Advance Q2 GDP report on Thursday.
Key quotes:
“Changes to the FOMC statement are likely to be fairly minor at this week's meeting, consistent with no plans for policy changes anytime soon. The chairman will likely remain dovish on policy in his press conference even as he expresses some optimism about growth in the year ahead. Inflation will be key to tapering as well as tightening, and most officials appear to be skeptical that a few strong quarters for growth will suddenly lead to a sustained pickup in the trend. We agree.”
“Real GDP appears to have slowed in Q4, potentially to the point of contraction in December, but it was likely up moderately at least in Q4 as a whole. Core PCE inflation likely remained low at 1.4% y/y, even with a relatively strong rise in December. The Conference Board confidence index and durable goods orders likely fell; new home sales likely rose.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.