- At 12:30 GMT some Housing data for March is set to be released:
- Building Permits are expected to decrease to 1.514 million from 1.524 million.
- Housing starts are expected to decline to 1.48 million from 1.521 million.
- At 12:55 GMT the year-over-year Redbook Index for the week ending April 12 will be released. The index was at 5.4% the week of April 5.
- At 13:15 GMT the Fed will publish the Capacity and Industrial Production numbers for March:
- Capacity Utilization will head to 78.5% from 78.3%, according to expectations.
- Industrial Production is seen heading to 0.4% from 0.1%.
- A slew of Fed speakers that will try to guide the markets:
- At 13:00 GMT, Federal Reserve Vice Chair Philip Jefferson is due to deliver a keynote speech at the International Research Forum on Monetary Policy in Washington, DC.
- Around 16:30 GMT Federal Reserve Bank of New York President John Williams will moderate a conversation at the Economy Club of New York.
- Near 17:15 GMT, Federal Reserve Chair Jerome Powell will enter a discussion panel with the Bank of Canada governor Tiff Macklem at the Washington Forum.
- Equities nosedive lower after the sharp Monday’s drop, where most of major US indexes lost their initial gains to close more than 1% lower. On Tuesday, both Europe and Asia equities slid lower by more than 1%, while US futures are looking bleak ahead of the US opening bell.
- According to the CME Group’s FedWatch Tool, expectations for a Fed pause in the May meeting are at 98.2%, while chances of a rate cut stand at 1.8%. Although there are calls for a rate hike, those are not being represented in the CME futures yet, and could add to substantial more US Dollar strength once the possibility starts to be priced in as a possibility.
- The benchmark 10-year US Treasury Note trades around 4.64%. Further move upwards could even point to expectations of another rate hike before the easing cycle will start to take place.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
