vendredi 13 mars 2015
3 Numbers: US PPI subdued; US consumer mood; Greece's rating
Posted on 01:20 by nice news
All eyes are now on the Federal Reserve’s Federal Open Markets Committee meeting on March 17 and 18. After the latest very solid employment report, there is wide speculation about whether the Fed will drop the word “patient” from its policy statement, thus opening the door for the first interest rate hike since the financial crisis.
Expectations of a more hawkish Fed, together with the European Central Bank’s sovereign bond purchase programme, have driven the EURUSD to lows not seen in over 10 years.
Fed officials have already begun the standard quiet week before the FOMC meeting, so data and comments from European Central Bank officials will be the main drivers during the early part of next week.
US February Producer Price Index (12:30 GMT)
The final demand producer prices are expected to increase by 0.3%, mostly because of a small jump in oil prices. Excluding food and energy, a more moderate increase of 0.1% is expected.
Expectations of a more hawkish Fed, together with the European Central Bank’s sovereign bond purchase programme, have driven the EURUSD to lows not seen in over 10 years.
Fed officials have already begun the standard quiet week before the FOMC meeting, so data and comments from European Central Bank officials will be the main drivers during the early part of next week.
US February Producer Price Index (12:30 GMT)
The final demand producer prices are expected to increase by 0.3%, mostly because of a small jump in oil prices. Excluding food and energy, a more moderate increase of 0.1% is expected.
3 Numbers: US PPI subdued; US consumer mood; Greece's rating
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