FOMC Minutes amongst market movers today – Danske Bank
Analysts at Danske Bank suggest that in the US, the minutes from the December FOMC meeting are due out and are going to be the key economic release for today’s session.
Key Quotes
“We will look for differences in the FOMC members' views on the economy and markets, especially after indications last week that the Fed may go about its monetary tightening more gradually. Members of the board Evans and Rosengren are due to speak today.”
“Overnight, Chinese inflation numbers are due out. Producer price inflation for December may attract some attention, as it is set to fall further from 2.7% y/y to around 1.5% y/y. We expect it to fall into deflationary territory during Q1 due to the big drop in commodity prices. CPI inflation is expected to decline to 2.1% y/y in December from 2.2% in November, still far below the 3% target.”
“In Sweden, the main focus is the Riksbank minutes, which is accompanied by the borrowing requirement for December.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
