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Last week’s shortened trading activity was highlighted by the stronger U.S. dollar, weakening oil prices and hawkish commentary from a chorus of U.S. Federal Reserve Officials. This week, the focus returns to U.S. economic reports.
The week begins with fresh data on Personal Consumption Expenditures, Personal Spending and Pending Home Sales. The PCE report is important because the Fed uses it as another measure of inflation. It differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals.
Based on the Fed’s recent monetary policy statement and Fed Chair Janet Yellen’s assessment of the economy, ... (read more)