Yesterday, USD weakened against most major currencies except JPY and CHF.
The retail sales m/m data released yesterday indicated a slowdown in consumer spending in February.
- Core Retail Sales m/m (Actual: 0.2%, Forecast: 0.9%, Previous: 3.3%)
- Retail Sales m/m (Actual: 0.3%, Forecast: 0.4%, Previous: 3.8%)
The FOMC hiked interest rate by 0.25% during their meeting earlier today. The central bank expects a rate hike to take place during the remaining six meetings for this year, potentially raising interest rate to 1.9% by the end of 2022. The dot plot indicated that eight members expect more than seven rate hikes this year while ten expect seven. Also, inflation expectation from the FOMC has also being revised upwards while GDP expectation were reduced.
The housing data will be released later at 2030 (GMT+8).
- Building Permits (Forecast: 1.84M, Previous: 1.90M)
- Housing Starts (Forecast: 1.70M, Previous: 1.64M)
The retail sales m/m data released yesterday indicated a slowdown in consumer spending in February.
- Core Retail Sales m/m (Actual: 0.2%, Forecast: 0.9%, Previous: 3.3%)
- Retail Sales m/m (Actual: 0.3%, Forecast: 0.4%, Previous: 3.8%)
The FOMC hiked interest rate by 0.25% during their meeting earlier today. The central bank expects a rate hike to take place during the remaining six meetings for this year, potentially raising interest rate to 1.9% by the end of 2022. The dot plot indicated that eight members expect more than seven rate hikes this year while ten expect seven. Also, inflation expectation from the FOMC has also being revised upwards while GDP expectation were reduced.
The housing data will be released later at 2030 (GMT+8).
- Building Permits (Forecast: 1.84M, Previous: 1.90M)
- Housing Starts (Forecast: 1.70M, Previous: 1.64M)
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