Date | 1:13am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
---|---|---|---|---|---|---|---|---|---|---|
1:13am | Actual | |||||||||
Thu May 23 | ||||||||||
Thu May 23 | 3:15am | EUR | French Flash Manufacturing PMI | 45.8 | 45.3 | |||||
EUR | French Flash Services PMI | 51.8 | 51.3 | |||||||
3:30am | EUR | German Flash Manufacturing PMI | 43.4 | 42.5 | ||||||
EUR | German Flash Services PMI | 53.5 | 53.2 | |||||||
4:00am | EUR | Flash Manufacturing PMI | 46.2 | 45.7 | ||||||
EUR | Flash Services PMI | 53.6 | 53.3 | |||||||
4:30am | GBP | Flash Manufacturing PMI | 49.5 | 49.1 | ||||||
GBP | Flash Services PMI | 54.7 | 55.0 | |||||||
Day 1 | All | G7 Meetings | ||||||||
Tentative | CNY | Foreign Direct Investment ytd/y | -26.1% | |||||||
7:30am | GBP | MPC Member Pill Speaks | ||||||||
8:30am | CAD | NHPI m/m | 0.1% | 0.0% | ||||||
USD | Unemployment Claims | 220K | 222K | |||||||
9:00am | CNY | CB Leading Index m/m | -0.2% | |||||||
9:45am | USD | Flash Manufacturing PMI | 50.0 | 50.0 | ||||||
USD | Flash Services PMI | 51.2 | 51.3 | |||||||
10:00am | EUR | Consumer Confidence | -14 | -15 | ||||||
USD | New Home Sales | 677K | 693K | |||||||
10:30am | USD | Natural Gas Storage | 84B | 70B | ||||||
3:00pm | USD | FOMC Member Bostic Speaks | ||||||||
6:45pm | NZD | Trade Balance | 588M | |||||||
7:01pm | GBP | GfK Consumer Confidence | -18 | -19 | ||||||
7:30pm | JPY | National Core CPI y/y | 2.2% | 2.6% |
-
post: FOMC Minutes: Fed Officials Note 'Disappointing' Inflation Readings in First Quarter FOMC Minutes: Officials Discuss Holding Rates Steady For Longer if Inflation Doesn't Fall FOMC Minutes: Officials Still Think Monetary Policy Is Restrictive, But Uncertain About DegreeMinutes of the Federal Open Market Committee April 30–May 1, 2024 Developments in Financial Markets and Open Market Operations The manager turned first to a review of developments in financial markets. Domestic data releases over the intermeeting period pointed to inflation being more persistent than previously expected and to a generally resilient economy. Policy expectations shifted materially in response. The policy rate path derived from futures prices implied fewer than two 25 basis point rate cuts by yearend. The modal path based on options prices was quite flat, suggesting at most one such rate cut in 2024. The median of the modal paths of the federal funds rate obtained from the Open Market Desk’s Survey of Primary Dealers and Survey of Market Participants also indicated fewer cuts this year than previously thought. Respondents’ baseline expectations for the timing of the first rate cut—which had been concentrated around June in the March surveys—shifted out significantly and became more diffuse. Treasury yields rose materially over the intermeeting period. At shorter maturities, the increase appeared to largely reflect higher inflation compensation, while at longer maturities, it was attributable mostly to a higher expected path for the real policy rate and higher real risk premiums. Model estimates suggested that inflation expectations rose some, but mostly at post: FED MINUTES: PARTICIPANTS AT THE MEETING ASSESSED IT WOULD TAKE LONGER THAN PREVIOUSLY ANTICIPATED TO GAIN GREATER CONFIDENCE IN INFLATION MOVING SUSTAINABLY TO 2%. post: FED MINUTES: VARIOUS PARTICIPANTS MENTIONED WILLINGNESS TO TIGHTEN POLICY FURTHER SHOULD RISKS TO OUTLOOK MATERIALIZE AND MAKE SUCH ACTION APPROPRIATE. post: Fed Staff’s Economic Projection Was Similar to March Outlook, but Noted That Deteriorating Household Financial Positions, Especially for Lower-Income Households, Might Prove to Be Bigger Drag on Activity Than Anticipated
-
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the confidence to move forward on interest ...
-
In 2023, economic output surged considerably faster than the number of hours Americans worked. A top policymaker attributes the shift to companies acting more aggressively in a ...
-
An ugly home sales print (but record April home prices) combined with declining traffic and smaller spend data from Target threw some shade on the market early on but it was the ...
-
The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a ...