Feb Philly Fed Manufacturing Index to stage an above consensus rebound – TDS

FXStreet (Barcelona) - The TD Securities Team previews today’s US data releases, expecting February Philly Manufacturing Index to rebound to 15.0 from previous 6.3, and jobless claims to decline.

Key Quotes

“The focus will return to economic data following the FOMC minutes, with markets looking to the February Philly Fed manufacturing index to help shed further light on manufacturing sector momentum. We look for a rebound to 15.0 from 6.3 following a modest deterioration in the survey’s Empire manufacturing counterpart earlier in the week.”

“Weekly jobless claims will also be due, and we look for a decline to 270K from 304K amid seasonal volatility.”