The United States will publish a headline and core inflation rate on July 13, at 15:30 MT time.
American GDP demonstrates stellar surge
In the third quarter, the American economy posted a better-than-anticipated expansion, demonstrating its most impressive back-to-back quarter performance since 2014. However, market experts drew attention to the fact that risks for surge abound next year along with the data could make the Fed stick with a more aggressive monetary stance.
American GDP showed a 3.5% jump, surpassing estimates for 3.3%. It became possible due to firm consumer spending, which contributed 2.7% to the total economic surge figure.
However, the big question for financial markets, especially in light of the recent stock market moves, is whether it’s as good as it gets for US surge, as some financial analysts pointed out.
The experts added that there will be no short-term sink in surge because as they really hope that the fourth quarter is going to be backed by rebuilding as well as cleanup efforts from recent Hurricanes Michael and Florence.
Besides this, the experts told that they actually expect that surge to moderate in 2019.
From their point of view, tighter financial conditions, powered by higher interest rates as well as the stronger greenback might start biting. Meanwhile, persistent trade uncertainties, as well as fading fiscal tailwinds, might also start restraining activity in a more noticeable way, as the market experts pointed out.
Notwithstanding the warning, these market experts made clear that the tight labor market with its upbeat influence on wage surge would probably remain in 2019. In addition to this, financial analysts foresee a good 2.4% surge reading for next year.
Taking this into account on can assume that the US key financial institution would proceed with its tightening cycle in the nearer future. To be exact, the major US bank is generally anticipated to have its rates lifted already in December and also up to three more times next year.
Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will reveal a detailed record of the most recent meeting on July 7 at 21:00 MT.
The United States will post the indicators of employment on July 2, at 15:30 MT time.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!