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Federal Reserve Chairman Jerome Powell reported to U.S. Congress last week. The stock market responded positively to his relatively dovish comments, pushing the S&P 500 Index up to a record close Thursday. Any data suggesting easing inflation will lead to growing expectations of the Fed cutting rates soon and, in turn, higher stock indexes. The next set of key U.S. inflation data will be released on Tuesday (March 12).
Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of March 11 - 15:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which economies to focus on:
While reporting to U.S. Congress last week (Wednesday & Thursday), Federal Reserve Chairman Jerome Powell pointed out that, if inflation signals cooperate, the central bank is not far from the point of cutting interest rates.
The stock market responded positively to Powell’s relatively dovish comments, as the S&P 500 Index marked a record close Thursday.
Any data suggesting easing inflation will lead to growing expectations of the Fed cutting rates soon and, in turn, better market sentiment and higher stock indexes.
The next set of key U.S. inflation data will be released on Tuesday (March 12). According to Multi-Stock Trading LLC's "Economic Insight", U.S. Inflation Rate would tick up to 3.2% on year in February, while the Core Inflation Rate may slow to 3.8%.
In the past 12 U.S. Inflation Reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 70.73 pips on average.
Monday (March 11)
JP GDP Annualized Final (Q4) +0.9%
Tuesday (March 12)
JP Producer Prices (FEB) +0.6% YoY
AU NAB Business Confidence (FEB) to drop to -1
GB Unemployment Rate (JAN) may rise to 3.9%
US Inflation Rate (FEB) to tick up to 3.2% YoY
US Core Inflation Rate (FEB) to dip to 3.8% YoY
Wednesday (March 13)
GB Industrial Production (JAN) -0.1% MoM
GB GDP (JAN) +0.1% MoM
EA Industrial Production (JAN)
Thursday (March 14)
GB RICS House Price Balance (FEB) may rise to -15%
US Retail Sales (FEB) +0.2% MoM
US Producer Prices (FEB) +0.9% YoY
US Initial Jobless Claims (MAR/09) to tick up to 219,000
Friday (March 15)
CA Housing Starts (FEB) may edge down to 220,000
US NY Empire State Manufacturing Index (MAR) may fall to -5.0
US Industrial Production (FEB) -0.1% MoM
US University of Michigan Consumer Sentiment Index (MAR) to rise to 78.0
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight