Inflation and retail sales data for February leave the stage open for the Fed. Most data comes out as expected: core CPI is 2.2% y/y as predicted. Retail sales are up 0.1%, core sales are up 0.2% and the retail control group is up 0.1% a small miss. There are upwards revisions to retail sales numbers. [...]
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The Federal Reserve meets at the Ides of March to deliver its rate hike after providing us with a more-than-clear message. But what’s next? And how will the currency markets react to this highly anticipated event? This page features every related update: from the background, the previews, the actual news and the long aftermath:
The post Ides of March Fed decision – all the updates in one place appeared first on Forex Crunch.
Britain reported a drop of 11.3K in the number of the unemployed, but the wage data is worrying and has the upper hand. Average earnings have slowed to an annual rate of 2.2%. Excluding bonuses, salaries are down to 2.3% y/y. Both are disappointments. The unemployment rate dropped to 4.7% in January, but markets focus on [...]
The post UK wages slide to 2.2% – GBP follows appeared first on Forex Crunch.
