The U.S. dollar fell 0.6% following Wednesday’s release of the March CPI report and FOMC minutes. The combination of the data led to growing expectations that the Fed could cut rates later in the year.
This week, key economic data ranging from GDP to CPI and Consumer Confidence are set to be released and policymakers are expected to testify about SVB’s collapse. How can this week’s upcoming economic events affect the markets?
This week ahead is certainly multifaceted and eventful. EU finance ministers are expected to meet to discuss the impact of the Russian war, US CPI will be released and earnings results will be reported. Read more.
Yesterday, Wall Street traders boosted major Indices ahead of news expected from today’s CPI data release and Wednesday’s Fed interest rate decision.
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