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Fed: Energy shock risks shift rate debate – Nordea
Nordea strategists Ole Håkon Eek-Nielsen and Jan von Gerich argue the Federal Reserve is unlikely to cut rates and could even face pressure to hike as a potential energy shock lifts inflation risks.
Fxstreet
Fri, Mar 13
BoE: Energy shock complicates easing path – Nomura
Nomura economists expect the Bank of England to keep rates on hold next week, highlighting that $100 Oil could add about 0.6 percentage points to UK CPI via fuel costs.
Fxstreet
Fri, Mar 13
EUR: Energy shock weighs on funding FX – BNY
BNY’s Head of Markets Macro Strategy Bob Savage notes that several current-account-surplus economies, including the Euro area, face renewed pressure from higher energy costs.
EUR/USD
Fxstreet
Fri, Mar 13
US Durable Goods Orders virtually unchanged at $321.2 billion in January
"New orders for manufactured durable goods in January, down three of the last four months, decreased $0.1 billion or virtually unchanged to $321.2 billion," the US Census Bureau reported on Friday.
Fxstreet
Fri, Mar 13
Russia Foreign Trade fell from previous $10.021B to $6.597B in January
Russia Foreign Trade fell from previous $10.021B to $6.597B in January
Fxstreet
Fri, Mar 13
Russia Central Bank Reserves $ dipped from previous $811.1B to $802.2B
Russia Central Bank Reserves $ dipped from previous $811.1B to $802.2B
Fxstreet
Fri, Mar 13
US Jan PCE Price Index Annual Rate Below Forecast, Traders Bet Fed Will Cut Rates Before September
TradingKey - At 8:30 AM ET, released U.S. PCE data indicated that overall U.S. inflation indicators remained moderate. According to data released by the U.S. Bureau of Labor Statistics, the U.S. Personal Consumption Expenditures (PCE) price index for January rose 2.8% year-on-year, lower than the market expectation of 2.9%, while core PCE growth was largely in line with expectations.
TradingKey
Fri, Mar 13
US Q4 GDP growth revised to 0.7% vs. 1.4% expected
The US Bureau of Economic Analysis (BEA) reported on Friday that it revised the annualized Gross Domestic Product (GDP) growth for the fourth quarter to 0.7% in its second estimate, compared to the market expectation and the initial estimate of 1.4%.
Fxstreet
Fri, Mar 13
US annual PCE inflation edges lower to 2.8% in January
Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.8% in January from 2.9% in December, the US Bureau of Economic Analysis (BEA) reported on Friday. This print came in below the market expectation of 2.9%.
Fxstreet
Fri, Mar 13
United States Gross Domestic Product Price Index climbed from previous 3.7% to 3.8% in 4Q
United States Gross Domestic Product Price Index climbed from previous 3.7% to 3.8% in 4Q
Fxstreet
Fri, Mar 13
United States Gross Domestic Product Annualized came in at 0.7%, below expectations (1.4%) in 4Q
United States Gross Domestic Product Annualized came in at 0.7%, below expectations (1.4%) in 4Q
Fxstreet
Fri, Mar 13
United States Core Personal Consumption Expenditures (QoQ) meets forecasts (2.7%) in 4Q
United States Core Personal Consumption Expenditures (QoQ) meets forecasts (2.7%) in 4Q
Fxstreet
Fri, Mar 13
United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (2.9%) in 4Q
United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (2.9%) in 4Q
Fxstreet
Fri, Mar 13
United States Personal Consumption Expenditures - Price Index (YoY) registered at 2.8%, below expectations (2.9%) in January
United States Personal Consumption Expenditures - Price Index (YoY) registered at 2.8%, below expectations (2.9%) in January
Fxstreet
Fri, Mar 13
United States Personal Income (MoM) below expectations (0.5%) in January: Actual (0.4%)
United States Personal Income (MoM) below expectations (0.5%) in January: Actual (0.4%)
Fxstreet
Fri, Mar 13
United States Personal Consumption Expenditures - Price Index (MoM) meets expectations (0.3%) in January
United States Personal Consumption Expenditures - Price Index (MoM) meets expectations (0.3%) in January
Fxstreet
Fri, Mar 13
United States Personal Spending above expectations (0.3%) in January: Actual (0.4%)
United States Personal Spending above expectations (0.3%) in January: Actual (0.4%)
Fxstreet
Fri, Mar 13
United States Core Personal Consumption Expenditures - Price Index (MoM) meets expectations (0.4%) in January
United States Core Personal Consumption Expenditures - Price Index (MoM) meets expectations (0.4%) in January
Fxstreet
Fri, Mar 13
United States Durable Goods Orders ex Transportation below expectations (0.5%) in January: Actual (0.4%)
United States Durable Goods Orders ex Transportation below expectations (0.5%) in January: Actual (0.4%)
Fxstreet
Fri, Mar 13
UK: Growth, jobs and inflation under strain – Deutsche Bank
Deutsche Bank’s Sanjay Raja notes that UK GDP and labour market data have come in weaker than the Bank of England’s February projections, while January CPI surprised to the upside.
Fxstreet
Fri, Mar 13
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