US: Focus on Fed speak and trade data – TDS
|Analysts at TD Securities point out that in the US, NY Fed President Williams speaks on "The Economic Outlook: The 'New Normal' Is Now" and is likely to repeat that no further rate hikes until inflation rises, which should get a dovish market reaction.
Key Quotes
“If Williams again advocates "average inflation targeting" as part of the Fed's framework review, markets would react even more dovishly.”
“The shutdown-delayed December trade balance data will be released on Wednesday, with the market consensus expecting another widening of the trade gap to $57.9 billion.”
“The publication of the Federal Reserve's Beige Book will also garner attention as market participants look for further clues regarding the evolution of economic activity at the start of the year.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.