{"id":37466,"date":"2023-04-24T05:51:39","date_gmt":"2023-04-24T05:51:39","guid":{"rendered":"https:\/\/errante.com\/?p=37466"},"modified":"2023-04-24T05:51:40","modified_gmt":"2023-04-24T05:51:40","slug":"the-week-ahead-24th-28th-april-2023","status":"publish","type":"post","link":"https:\/\/errante.com\/newsroom\/the-week-ahead-24th-28th-april-2023\/","title":{"rendered":"The Week Ahead: 24th – 28th April 2023"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong><\/strong><\/h2>\n\n\n\n

U.S. data will shed more light on the future path of interest rates.  European bank earnings will show the impact from last month\u2019s banking crisis, Eurozone data will inform the ECB\u2019s decision making and the new BOJ governor chairs his first policy meeting.\u202a<\/p>\n\n\n\n

Investors are trying to gauge whether the Federal Reserve will keep hiking rates to fight inflation after a widely anticipated 25 basis point hike at its May policy meeting. Many expect the central bank to cut rates later this year to loosen the grip of higher borrowing costs on the economy.<\/p>\n\n\n\n

Thursday\u2019s figures on first quarter GDP along with the Fed\u2019s favoured measure of inflation, the core PCE price index and the employment cost index, both due out on Friday, will be closely watched.<\/p>\n\n\n\n

GDP data is expected to point to solid growth, with consumer spending remaining strong. While the headline PCE price index is expected to fall the core reading is forecast to remain elevated. The employment cost index is also expected to tick higher, consistent with still sticky inflation.<\/p>\n\n\n\n

The ECB is expected to raise interest rates for a seventh straight meeting at its upcoming May meeting, with most analysts expecting a 25-basis point hike, although a larger increase has not been ruled out.<\/p>\n\n\n\n

New Bank of Japan Governor Kazuo Ueda chairs his first policy meeting on Friday and while analysts are not expecting any changes to the central bank’s ultra-dovish monetary policy they are on the alert for any potential surprises.<\/p>\n\n\n\n

With all these reports and more, have your trading charts ready!<\/strong><\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong><\/h2>\n\n\n\n

The times below are GMT +3.<\/p>\n\n\n\n

Monday 24th<\/sup> April<\/strong><\/p>\n\n\n\n