26 Jun 2014
US docket will be the main catalyst today – Danske Bank
FXStreet (Edinburgh) - Pernille Nielsen, Analyst at Danske Bank, observes the significance of today’s US data releases.
Key Quotes
“Today US PCE core inflation is due for release and we expect the PCE core to increase to 1.5% y/y in May from 1.4% y/y in April”.
“The figure is of particular interest as it is the FOMC’s preferred inflation measure and therefore crucial to indicate when we might expect a hike in the feds fund rate”.
“PCE inflation has been low for quite a while but has shown slight improvements in the past couple of months”.
“US initial jobless claims are expected to continue lower, thus confirming a robust labour market. Last week the four-week average declined to 312K, which is close to the cycle lows”.
Key Quotes
“Today US PCE core inflation is due for release and we expect the PCE core to increase to 1.5% y/y in May from 1.4% y/y in April”.
“The figure is of particular interest as it is the FOMC’s preferred inflation measure and therefore crucial to indicate when we might expect a hike in the feds fund rate”.
“PCE inflation has been low for quite a while but has shown slight improvements in the past couple of months”.
“US initial jobless claims are expected to continue lower, thus confirming a robust labour market. Last week the four-week average declined to 312K, which is close to the cycle lows”.