US: Market attention on FOMC minutes release – TDS
|In view of the analysts at TDS, markets will focus their attention on the January FOMC minutes, which are likely to reaffirm market rate hike expectations.
Key Quotes
“A larger proportion of Fed officials citing upside risks or improving inflation would be hawkish, with risk for explicit support for a March hike or signs of more advanced plans to slow reinvestments pushing Treasury yields and the USD sharply higher. Fed Governor Powell is the lone Fed speaker on the calendar and will speak at 1pm on the economic outlook and monetary policy.”
“On the data front, Jan existing home sales will be released at 10am are expected to rebound 1.1% to a 5.55m annual rate, though the recent downturn in pending sales contracts poses downside risk in our view.”
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.