The US will announce the advanced Gross Domestic Product (GDP) on July 28 at 15:30 MT time.
More Japan households expect inflation to edge up
The overall percentage of Japan’s households expecting inflation to step up has hit an almost two-year maximum, as a major bank poll disclosed, giving some hope that economic revival will help the BOJ to meet its elusive 2% price objective.
However, more households complained about being worse off than in 2016 because soaring prices made them spur spending, as the survey disclosed, thus underscoring the challenge policymakers face in stimulating inflation without affecting consumption.
The BOJ's poll on customers’ livelihood revealed that the percentage of households, expecting prices to edge up a year from 2018, hit 75.6% in December, adding from 70.4% in September and demonstrating the highest outcome since March 2016.
Among the polled Japanese households, approximately 81.9% told they actually expect inflation to pick up five years from 2018, moderately from 81.4% in September.
The ECB will make a statement regarding the future monetary policy on Thursday, July 21, at 15:15 MT time (GMT+3).
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
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The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.