FXStreet (Mumbai) – Research Analysts at Nomura note the key macro data lined up for release in the week ahead in a bid to gauge the uncertainty around the impact of USD moves which may keep lift-off in limbo.
Key Quotes:
“We expect regional Fed surveys to show that manufacturing activity is gradually picking up while housing activity remains supportive of moderate growth.”
“We expect the total CPI for July to show increases of 0.2% on both a m-o-m and y-o-y basis. The core CPI should increase 0.17% for the month, which would generate a 1.8% increase y-o-y.”
“We still remain in the December camp for the first rate hike. But it’s a very close call between September and December.”
“The Federal Reserve will publish the Minutes to the July FOMC meeting. This is the last major communication from the FOMC before the meeting in September.“
“The FOMC has said that its interest rate decisions will be made on a meeting-by-meeting basis and that it will not signal decisions in advance.”
(Market News Provided by FXstreet)