{"id":48550,"date":"2024-03-26T06:35:35","date_gmt":"2024-03-26T06:35:35","guid":{"rendered":"https:\/\/errante.com\/?p=48550"},"modified":"2024-03-26T06:37:13","modified_gmt":"2024-03-26T06:37:13","slug":"the-week-ahead-25th-29th-march-2024","status":"publish","type":"post","link":"https:\/\/errante.com\/ru\/newsroom\/the-week-ahead-25th-29th-march-2024\/","title":{"rendered":"The Week Ahead: 25th \u2013 29th March 2024\u00a0"},"content":{"rendered":"\n
Highlights of the Week\u00a0<\/strong><\/p>\n\n\n\n The headline event for the week will be the US Core PCE data (the Fed\u2019s preferred measure for inflation) but given that it is released on Good Friday at 14:30 GMT+2, the response to this release could be minimal. The market consensus at the time of writing indicates we will see a slight softening in the MoM print: a rise of +0.3% in February from +0.4% in January, while the YoY release (also for February) is expected to rise +2.8%, matching January. <\/p>\n\n\n\n At the headline level, PCE data (MoM) is anticipated to show a slight increase of +0.4% in February from January\u2019s +0.3% reading, along with the YoY print expected to also show a marginal increase from +2.4% to +2.5%. You will recall that the FOMC meeting wrapped up last week, leaving the benchmark lending rate at 5.25%-5.50% for a fifth consecutive meeting (this is the highest rate in more than two decades). <\/p>\n\n\n\n Although a no-change was widely expected, the latest Summary of Economic Projections (SEP) revealed that Fed officials continue to foresee three rate cuts this year (there was speculation of a potential downshift to two rate cuts, given the latest batch of inflation numbers). The March economic projections also revealed an upward revision in Core PCE inflation for 2024 from 2.4% (December 2023 projection) to 2.6%, though FOMC participants were unchanged in their projections for 2025 and 2026 at 2.2% and 2.0% (the Fed\u2019s inflation target), respectively. <\/p>\n\n\n\n Fed Chair Powell is on the calendar to speak on Friday. <\/p>\n\n\n\n For the AUD, consumer sentiment numbers for March will draw interest on Tuesday. A pullback in consumer confidence could support bets on an RBA rate cut. However, investors must consider the sub-components, including sentiment toward the economy and time to buy a major household item. <\/p>\n\n\n\n The CPI Monthly Indicator (Wed) and Australian retail sales figures for February (Thurs) will impact the Aussie dollar. Tighter labor market conditions and a pickup in consumer spending could fuel demand-driven inflation. However, consumer price trends need consideration. <\/p>\n\n\n\n In March, the RBA delivered a less hawkish stance on monetary policy. However, a jump in household spending could change the narrative. <\/p>\n\n\n\n Other than this, it is a relatively quiet week. <\/p>\n\n\n\n Have your trading charts ready this week!<\/strong> <\/p>\n\n\n\n The times below are GMT +2. <\/p>\n\n\n\n Monday 25<\/strong>th<\/sup><\/strong> March<\/strong> <\/p>\n\n\n\n Tuesday 26<\/strong>th<\/sup><\/strong> March<\/strong> <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u202f <\/p>\n\n\n\n Wednesday 27<\/strong>th<\/sup><\/strong> March<\/strong> <\/p>\n\n\n\n Potential instruments to Trade: AUD Crosses.\u202f <\/p>\n\n\n\n Thursday 28<\/strong>th<\/sup><\/strong> March<\/strong> <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade: CAD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u202f <\/p>\n\n\n\n Friday 29<\/strong>th<\/sup><\/strong> March<\/strong> <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u202f <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u202f\u00a0<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.com<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038<\/a>].<\/p>\n\n\n\n\n
This Week\u2019s High Impact Events<\/strong> <\/h2>\n\n\n\n
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