The US reports inflation and retail sales numbers on the day the Fed makes its all-important decision. Core CPI was expected to rise at 1.9% y/y, the same as in April (before revisions). Retail sales carried expectations for +0.1% after 0.4% last month. The US dollar was stable ahead of the publication, basically awaiting the [...]
The post US core CPI falls to 1.7% – USD follows appeared first on Forex Crunch.
Despite a marked slowdown in the US economy, the Fed is on course to raise rates. Will they surprise us by not hiking? That is a remote scenario. Assuming a hike, the focus will be on the next moves as reflected in the dot-plot, the statement and Yellen’s press conference. The Fed’s $4.5 trillion balance [...]
The post Fed Video Preview: Beyond the dovish hike: more rate rises, QT appeared first on Forex Crunch.
The UK was expected to report a rise of 10K in jobless claims in May, after 19.4K in April (before revisions). The unemployment rate for April was predicted to remain unchanged at 4.6%. More importantly, wages were projected to rise by 2.4% y/y, the same as in March. Excluding bonuses, salary increases carried expectations for [...]
The post UK wages slow to only 2.1% – GBP falls appeared first on Forex Crunch.
