US: Focus on Fed speak and housing data – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that in today’s US session, the NAHB Housing Market Index (HMI) is released for February and is expected by the market to improve by 1 point to 59, helping to assuage concerns of an impending sharper slowdown in housing activity.

Key Quotes

“Ahead of the release Fed President Mester also speaks on the outlook at 8:50 ET. Her previous comments have turned dovish, emphasizing that policy does not have to be preemptive amid lack of inflationary pressures.”

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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