Economic Calendar for week starting 22 Apr 2024 - PCE data coming ...
Public Holidays
There are no holidays in Singapore, Hong Kong, China and America for the coming week.
Economic Calendar (22 Apr 2024)
Notable Highlights
New home sales will bring insight into the current status of US real estate.
S&P global US manufacturing PMI will bring about an understanding of the manufacturing outlook for the US.
S&P Global Services PMI will bring an understanding of services production for the US
The most watched economic data in the coming week will be the PCE price index. This is the main index that the Federal Reserve used as a reference for inflation in America. Should this continue to trend upwards, it will be more difficult for the Federal Reserve to impose a fat pivot or a drop in interest rates.
US GDP results will also be released in the coming week.
Initial jobless claims will also be a key macro data that the Federal Reserve will look into as they ponder the next interest rate decision
Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.
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