The upcoming session will shed light on employment cost – wages and the CB Consumer Confidence, both of which are crucial factors that could influence the AUD/USD trends. Economists predict a 0.9% increase in employment cost – wages in Q1 2024, following a similar rise in Q4 2023. Higher-than-expected wages could potentially impact investor expectations
Forecasts
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The Federal Open Market Committee (FOMC) meeting in May is highly anticipated, with expectations of no change in the Fed funds target range. The Fed is likely to maintain the target range at 5.25%-5.50%, given persistent inflation above the 2.0% target. Despite the hot PCE inflation data, coupled with strong employment growth, the Fed has
The Bank of Japan monetary policy meeting minutes for the March meeting are set to be released on Thursday, May 2. While the minutes are dated, they could provide insight into the requirements for raising interest rates in the future. With the USD/JPY hovering around the 158 level, investors will closely monitor any comments from
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Investors are currently closely monitoring economic data releases this week to gauge their impact on Federal Reserve monetary policy decisions. The recent S&P Global Flash manufacturing PMI for the U.S. shows a four-month low of 49.9 for April, pointing towards sector contraction. Additionally, forecasts predict a 2.4% GDP growth and a 2.6% PCE inflation rate
Gold prices have shown little movement recently, hovering within a narrow range as traders brace themselves for the impact of upcoming U.S. economic data on the Federal Reserve’s interest rate path. Despite a slight uptick to $2,325.23 per ounce, the general market sentiment remains cautious. The looming release of GDP and PCE reports has heightened
The recent uptick in economic numbers has provided a glimmer of hope for investors concerned about the possibility of a recession in the US. Although these better-than-expected numbers may provide some support for investor confidence, they are unlikely to change the trajectory of the Federal Reserve’s interest rate decisions. The upcoming release of the US
The U.S. Treasury yields have seen an increase as investors eagerly anticipate the release of crucial economic indicators that could provide valuable insights into the economy and potential changes in interest rates. Specifically, the 10-year yield has risen by more than two basis points to 4.6414%, while the 2-year yield has experienced a similar uptick.