Rate decision in Japan, Switzerland and the long awaited FOMC meeting; Inflation and employment data in the UK and the US; Housing data and Retail sales from the US. These are the main events on Forex calendar. Here is an outlook on the market movers awaiting us.
Last week’s jobless claims release showed continuous improvement in the labor market as the number of claims fell by 6,000 from the prior week. This was the 27th straight week that claims remained below the 300,000 threshold, giving the Fed further backing for their rate hike move. Despite subdued inflation, the steady job growth and low unemployment rate boost expectations for a hefty wage growth, which will hopefully, raise inflation toward the central bank’s 2% target. Will the Fed make the move?
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