Webinar: Live Event Coverage: US CPI & Retail Sales; USD Week in Review
Upcoming Webinars for Week of October 15 to October 20, 2017
Monday at 7:30 EDT/11:30 GMT: FX Week Ahead
Wednesday at 6:00 EDT/10:00 GMT: Mid-Week Trading Q&A
Thursday at 7:30 EDT/11:30 GMT: Central Bank Weekly
See the full DailyFX Webinar Calendar for all upcoming strategy sessions.
In this webinar I outline review US economic data released on Friday, why the past week was another disappointing one for the US Dollar, and how the economic calendar over the next week will impact the greenback.
Concerns from FOMC policymakers that persistently low inflation would be a feature, not a bug, of the US economy moving forward have bubbled up, and the latest Consumer Price Index release serves only to reinforce this notion.
Accordingly, market participants are seemingly honing in on one particular expected path of interest rates: the Fed will indeed raise rates in December; but will only raise rates once next year, not three times like the FOMC's September forecasts suggested.
Other topics covered include:
- Why was the September US CPI report especially disappointing today?
- What has been the net impact on Fed rate expectations this week after the September FOMC minutes, key US data?
- With what bias should we approach the US Dollar broadly for the rest of October?
--- Written by Christopher Vecchio, CFA, Senior Currency Strategist
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