Data on inflation and employment, two of the economic indicators most important to a "data-dependent" U.S. Federal Reserve are expected next week.
While Fed policymakers will be looking at those numbers as they decide whether to raise key interest rates as soon as June, traders will read through them to try and get ahead of the Fed decision.
For most of the current bull market, stocks have sold off on expectations of tighter monetary policy. But they rose sharply over the past week as Fed-speak turned more hawkish.
The Fed has remained constant in using economic data to decide whether to raise the Fed funds rate. On Friday, Fed Chair Janet Yellen said that if current economic conditions hold, a rate hike over the next few months would be "appropriate."
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While Fed policymakers will be looking at those numbers as they decide whether to raise key interest rates as soon as June, traders will read through them to try and get ahead of the Fed decision.
For most of the current bull market, stocks have sold off on expectations of tighter monetary policy. But they rose sharply over the past week as Fed-speak turned more hawkish.
The Fed has remained constant in using economic data to decide whether to raise the Fed funds rate. On Friday, Fed Chair Janet Yellen said that if current economic conditions hold, a rate hike over the next few months would be "appropriate."
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