Here in this blog we have mentioned the list of today’s economic indicators. Moreover, we need to keep an eye on price index.
USD: FOMC Member Bullard Speaks at 5:05 PM
Measures: Due to participating in a panel discussion at a conference hosted by the Bank of Japan, in Tokyo
Next Release Date: Jun 1, 2022
FOMC voting member 2010, 2013, 2016, 2019, and 2022
Federal Reserve FOMC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
USD: Core PCE Price Index m/m at 6:00 PM
Measures: Change in the price of goods and services purchased by consumers, excluding food and energy
Released monthly, about 30 days after the month ends
Next Release Date: June 30, 2022
Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals. Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. CPI releases about 10 days earlier and tends to garner most of the attention
It’s the Federal Reserve’s primary inflation measure. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [0.3%]
Previous- [0.3%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
USD: Revised UoM Consumer Sentiment at 7:30 PM
Measures: Level of a composite index based on surveyed consumers
Released monthly, usually on the last Friday of the current month
Next Release Date: June 24, 2022
The ‘Previous’ listed is the ‘Actual’ from the Preliminary release and therefore the ‘History’ data will appear unconnected. There are 2 versions of this data released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have more impact;
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [59.1]
Previous- [59.1]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 7:30 PM.
For more updates and day to day economic indicators stay tuned with us.