Date | 12:34am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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12:34am | Actual | |||||||||
Thu Apr 18 | ||||||||||
Thu Apr 18 | 12:30am | JPY | Tertiary Industry Activity m/m | 1.5% | 0.4% | -0.5% | ||||
2:00am | CHF | Trade Balance | 3.22B | 3.66B | ||||||
4:00am | EUR | Current Account | 45.2B | 39.4B | ||||||
6:00am | EUR | German Buba Monthly Report | ||||||||
Tentative | EUR | Spanish 10-y Bond Auction | 3.19|1.8 | |||||||
8:00am | EUR | German Buba President Nagel Speaks | ||||||||
8:30am | USD | Unemployment Claims | 215K | 211K | ||||||
USD | Philly Fed Manufacturing Index | 1.5 | 3.2 | |||||||
9:05am | USD | FOMC Member Bowman Speaks | ||||||||
9:15am | USD | FOMC Member Bowman Speaks | ||||||||
USD | FOMC Member Williams Speaks | |||||||||
10:00am | USD | Existing Home Sales | 4.20M | 4.38M | ||||||
USD | CB Leading Index m/m | -0.1% | 0.1% | |||||||
Day 4 | All | IMF Meetings | ||||||||
10:30am | USD | Natural Gas Storage | 54B | 24B | ||||||
11:00am | USD | FOMC Member Bostic Speaks | ||||||||
12:00pm | CHF | Gov Board Member Martin Speaks | ||||||||
5:45pm | USD | FOMC Member Bostic Speaks | ||||||||
7:30pm | JPY | National Core CPI y/y | 2.7% | 2.8% |
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post: ECB'S PRESIDENT LAGARDE: EURO-AREA INFLATION DIFFERENT ANIMAL THAN IN THE US. post: ECB'S LAGARDE:GROWTH IN EUROPE MEDIOCRE, MUCH SLOWER THAN IN THE U.S.
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post: ECB'S LAGARDE:IT'S OBVIOUS THAT FOREX MOVES MAY HAVE AN IMPACT ON INFLATION post: ECB'S PRESIDENT LAGARDE: WE MONITOR THE EXCHANGE RATE.
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post: BOJ'S NOGUCHI SAYS ITS SHORT-TERM POLICY RATE ADJUSTMENT LIKELY TO BE SLOW Full Story ? https://t.co/u9YN4sojP4 pic.twitter.com/IgtcttrNV4 BoJ’s Noguchi: Focus now is on the pace at which the policy rate will be adjusted Bank of Japan (BoJ) board member Asahi Noguchi said on Thursday that the “focus now is on the pace at which the policy rate will be adjusted and at what level it will eventually stabilize.” Additional quotes: • Essential for BoJ to maintain ultra-loose monetary policy, seek balance in labour supply and demand. • Japan is seeing wage hikes unseen in the past via spring wage negotiations. • Essential to continue to maintain appropriate balance between labour supply and demand through the continuation of its accommodative monetary policy to achieve the 2% price target. • Japan must achieve positive wage-inflation cycle as soon as possible and for this, service prices must keep rising. • Last year's spring labour-management negotiations have triggered an unprecedented wave of wage increases. • Another factor that is key is for small manufacturers to be able to smoothly pass on rising wage costs to prices. • If wage hike translates into higher prices, that will show through rise in service prices and this trend is clearly appearing. Long-term neutral inBOJ's Noguchi says its short-term policy rate adjustment likely to be slow Bank of Japan board member Asahi Noguchi said on Thursday that the pace of adjustment in short-term policy rate of the central bank will be slow and made at a pace that cannot be compared to that of other major central banks. A former academic, Noguchi was among two dissenters in the BOJ's nine-member board in the bank's decision last month to end eight years of negative interest rates and other remnants of its massive stimulus programme.
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Overall economic activity expanded slightly, on balance, since late February. Ten out of twelve Districts experienced either slight or modest economic growth—up from eight in the previous report, while the other two reported no changes in activity. Consumer spending barely increased overall, but reports were quite mixed across Districts and spending categories. Several reports mentioned weakness in discretionary spending, as consumers’ price sensitivity remained elevated. Auto spending was buoyed notably in some Districts by improved inventories and dealer incentives, but sales remained sluggish in other Districts. Tourism activity increased modestly, on average, but reports varied widely. Manufacturing activity declined slightly, as only three Districts reported growth in that sector. Contacts reported slight increases in nonfinancial services activity, on average, and bank lending was roughly flat overall. Residential construction increased a little, on average, and home sales strengthened in most Districts. In contrast, nonresidential construction was flat, and commercial real estate leasing fell slightly. The economic outlook among contacts was cautiously optimistic, on balance. post: Fed Beige Book: Overall Economic Activity Expanded Slightly, on Balance, Since Late February. Fed Beige Book: the Economic Outlook Among Contacts Was Cautiously Optimistic, on Balance. Fed’s Beige Book: Employment Rose at a Slight Pace Overall post: FED'S BEIGE BOOK: TEN OF 12 FED DISTRICTS REPORTED SLIGHT OR MODEST GROWTH. post: ECB'S PRESIDENT LAGARDE: WE'RE CLEARLY SEEING TIMID SIGNS OF RECOVERY.
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post: Fed's Mester: We Want To Get More Information Before We Can Say Inflation Is On A Sustainable Path To 2% - This Year Inflation Is A Little Higher Than Expected post: MESTER EXPECTS INFLATION TO DECREASE post: MESTER: RATES COULD STAY PUT FOR LONGER IF INFLATION DOESN'T REACH 2%