The market is focused on the release of U.S. retail sales and producer price data, trends in long-term interest rates and expectations for U.S. monetary policy. The report reviews key indicators and upcoming events.
Today's key U.S.-related economic events are the release of U.S. retail sales and producer price data, with attention also focused on long-term interest rates. With the U.S. monetary-policy announcement due the week after next, interest-rate expectations and the dollar's movements are expected to be the main focus of the market.
The article notes that the released figures for U.S. retail sales and producer prices could determine the market reaction, and conveys the view that these indicators will affect the U.S. inflation trend and the probability of a rate hike. Attention is also being paid to movements in U.S. long-term interest rates and the direction of the U.S. dollar, yen and euro.
The article also notes that remarks by Fed Vice Chair Bowman and the president of the Cleveland Fed could affect market trends. It says attention should also be paid to stock-market trends and developments in commodity markets, including crude oil and gold.