Welcome to Extreme Investor Network, where we provide unique insights and analysis on all things related to the stock market, trading, and Wall Street. Today, we will be diving into the latest US economic calendar, focusing on key indicators such as inflation, consumer sentiment, and Fed speakers.
The upcoming US CPI report is set to grab investor attention, especially after the recent hot US Jobs Report. Sticky inflation could impact bets on a potential June Fed rate cut, with tighter labor market conditions potentially supporting wage growth and consumer spending. This pickup in consumer spending could fuel demand-driven inflation, ultimately affecting borrowing costs and disposable income.
Economists are forecasting that the annual core inflation rate will ease slightly in March, while overall inflation is expected to rise. Additionally, producer price numbers for March will also be released, providing insight into consumer price trends.
Consumer sentiment will also be a significant factor to watch, with preliminary Michigan Consumer Sentiment figures set to be released. An unexpected pickup in consumer confidence could signal potential changes in consumer behavior. FOMC member speeches will also be closely monitored, as reactions to recent economic reports may influence investor bets on a June Fed rate cut.
In terms of short-term forecast, the USD/JPY trends will be influenced by central bank chatter, inflation numbers, and consumer confidence data. Any hints of a hawkish Fed could impact bets on a June rate cut, while BoJ chatter about raising interest rates could also impact the USD/JPY.
Overall, it’s essential to keep an eye on key indicators and events in the market as they can have a significant impact on trading decisions. Stay tuned for more unique insights and analysis on Extreme Investor Network.