US: Fed speak to overshadow data releases - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that the US data calendar will be overshadowed by a number of Fed officials scheduled to speak.

Key Quotes

“San Francisco Fed President (and leading candidate for NY Fed) Williams will give an economic outlook at 9:15 ET, which will be followed by an audience Q&A and press conference. Governor Quarles continues his second day of congressional testimony at 10:00 ET and Philadelphia Fed President Harker will speak at 11:00 ET. Chicago Fed President Evans and Atlanta Fed President Bostic are also scheduled discuss the outlook in afternoon speeches.”

“Looking to the data, the market expects housing starts to rise 2.4% to 1266k in March, representing a partial recovery after a 7% decline the prior month, while permits are expected to rise 0.3%. Meanwhile, consensus looks for industrial production to post a 0.4% increase in March, with manufacturing production up a muted 0.1%.”

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.

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