Fed Chair Powell Signals ‘Time Has Come’ for September Rate Cut
Remarks:
While the markets are cheering for the optimistic speech from the Fed Chair Powell, there are still 2 inflation data need to be watched out for before FOMC starts in the mid september. In addition, USD will turn weaker with the anticipation of falling rates
And Gold price will also continue its uptrend against the weaker Dollar, and therefore a more volatile commodities prices will be expected. And US job data will become focus to gauge whether US economy can avoid recession.
THIS WEEK DATA
Singapore
Mon, Aug 26, 2024 : Industrial Production (Just released)
MoM, Jul: -4.3% to 10.1%
YoY, Jul: -4.3% to 1.8%
Abstract from EDB Singapore: https://www.edb.gov.sg/en/about-edb/media-releases-publications/monthly-manufacturing-performance.html
Unit States
Mon, Aug 26, 2024 : Durable Goods Orders
Tue, Aug 27, 2024 : CB Consumer Confidence
2-Year Note Auction
API Weekly Crude Oil Stock
Wed, Aug 28, 2024 : Crude Oil Inventories
5-Year Note Auction Thu, Aug 29, 2024 : GDP
Goods Trade Balanced
Initial Jobless Claims
Pending Home Sales
7-Year Note Auction
Fed's Balance Sheet
Fri, Aug 30, 2024 : PCE Price Index
Personal Spending
Chicago PMI
Michigan Consumer Expectations
China
Mon, Aug 26, 2024 : Chinese Industrial profit
Fri, Aug 30, 2024 : Chinese Composite PMI
Manufacturing PMI
Non-Manufacturing PMI
Japan
Tue, Aug 27, 2024 : BoJ Core CPI
Thu, Aug 29, 2024 : Tokyo Core CPI
Industrial Production
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