CPI Strength Dampens Fed Rate Cut Prospects; Market Focus Turns to FOMC Meeting Minutes for More Cues

Published: 16 February 2024,06:21

Published: 16 February 2024,06:21

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Wednesday, 21 Feb, 21:00 – FOMC Meeting Minutes

In January, the Federal Reserve declared a steady policy rate of 5.25% – 5.5%, acknowledging the uncertain trajectory toward a rate cut in 2024. While many investors are hopeful for a shift from rate hikes to cuts by the Fed in the upcoming months, the robust inflation data indicates a resilient inflation, possibly resulting in the Fed shifting to a less dovish tone than anticipated.

Thursday, 22 Feb, 12:00 – Euro CPI (YoY)

Eurozone inflation continued to fall although the drop was very modest. CPI eased from 2.9% to 2.8% in preliminary release for January, but higher than expectation of 2.7%. ECB remains cautious and Lagarde stated that the EU is on a disinflationary trend and signaling potential rate cuts.

Thursday, 22 Feb, 15:30 – US Initial Jobless Claims

US initial jobless claims dropped to a one-month low of 212,000 from the previous week 220,000, suggesting minimal layoffs despite significant job cuts by large businesses, as per the latest Labor Department data released on February 15. Despite notable layoffs, the data indicates a robust labor market, and there are expectations of a Federal Reserve interest rate cut later in the year, contributing to anticipated improvements in the job market.

Thursday, 22 Feb, 16.45 – S&P Global Services PMI

The U.S. service sector marked its 12th consecutive month of expansion in January, with the PMI reading of 52.5, slightly below the forecasted 52.9. While there was robust new business growth, service providers opted for competitive pricing, resulting in the slowest inflation rate since June 2020. Despite that, new business and future activity are likely to expand further following a notable increase in new export orders across the globe according to the latest S&P survey.

Starten Sie mit einem Vorteil in das Trading

Traden Sie Forex, Indizes, Metalle und mehr zu branchenweit niedrigen Spreads und mit blitzschneller Ausführung.

  • Beginnen Sie mit Einzahlungen ab nur $ 50 auf unsere Standardkonten mit dem Trading.
  • Erhalten Sie Zugang zum 24/7-Support.
  • Sie haben Zugang zu Hunderten von Instrumenten, kostenlosen Schulungsmaterialien und einigen der besten Promotionen, die es gibt.
Jetzt registrieren

Latest Posts

Schnelle und einfache Kontoeröffnung

Live-Konto erstellen
  • 1

    Registrieren Sie sich

    Registrieren Sie sich für ein PU Prime Live-Konto mit unserem unkomplizierten Verfahren

  • 2

    Zahlen Sie Geld ein

    Zahlen Sie bequem über verschiedene Kanäle und in verschiedenen Währungen auf Ihr Konto ein

  • 3

    Beginnen Sie mit dem Trading

    Erhalten Sie Zugang zu Hunderten von Instrumenten zu marktführenden Tradingbedingungen

Important Notice to Visitors

Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.

By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.

Important Notice

Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.

This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.

We appreciate your understanding and cooperation.

If you believe this restriction has been applied in error, please contact our support team for further assistance.

Important Notice:

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Aviso importante:

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.