fbpx

PU Prime App

Exclusive deals on mobile

16 February 2024,06:21

CPI Strength Dampens Fed Rate Cut Prospects; Market Focus Turns to FOMC Meeting Minutes for More Cues

16 February 2024, 06:21

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Wednesday, 21 Feb, 21:00 – FOMC Meeting Minutes

In January, the Federal Reserve declared a steady policy rate of 5.25% – 5.5%, acknowledging the uncertain trajectory toward a rate cut in 2024. While many investors are hopeful for a shift from rate hikes to cuts by the Fed in the upcoming months, the robust inflation data indicates a resilient inflation, possibly resulting in the Fed shifting to a less dovish tone than anticipated.

Thursday, 22 Feb, 12:00 – Euro CPI (YoY)

Eurozone inflation continued to fall although the drop was very modest. CPI eased from 2.9% to 2.8% in preliminary release for January, but higher than expectation of 2.7%. ECB remains cautious and Lagarde stated that the EU is on a disinflationary trend and signaling potential rate cuts.

Thursday, 22 Feb, 15:30 – US Initial Jobless Claims

US initial jobless claims dropped to a one-month low of 212,000 from the previous week 220,000, suggesting minimal layoffs despite significant job cuts by large businesses, as per the latest Labor Department data released on February 15. Despite notable layoffs, the data indicates a robust labor market, and there are expectations of a Federal Reserve interest rate cut later in the year, contributing to anticipated improvements in the job market.

Thursday, 22 Feb, 16.45 – S&P Global Services PMI

The U.S. service sector marked its 12th consecutive month of expansion in January, with the PMI reading of 52.5, slightly below the forecasted 52.9. While there was robust new business growth, service providers opted for competitive pricing, resulting in the slowest inflation rate since June 2020. Despite that, new business and future activity are likely to expand further following a notable increase in new export orders across the globe according to the latest S&P survey.

Start trading with an edge today

Trade forex, indices, Metais, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Abertura de conta rápida e fácil

Criar Conta Real
  • 1

    Registe-se

    Registe-se para uma Conta PU Prime Real com o nosso processo sem complicações

  • 2

    Financie

    Financie sem esforço a sua conta com uma vasta gama de canais e moedas aceites

  • 3

    Comece a Negociar

    Aceda a centenas de instrumentos em condições de negociação líderes de mercado

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!