As the global economy continues to recover from the impact of the COVID-19 pandemic, investors and traders are keeping a close eye on upcoming economic events that could impact financial markets. In the coming weeks, several key economic events are scheduled to take place, including US CPI, FOMC, Retail Sales, ECB, PBoC, and China Activity Data.
US CPI, FOMC, and Retail Sales
The US Consumer Price Index (CPI) is a key economic indicator that measures the change in prices of goods and services purchased by consumers. The CPI is closely watched by investors and traders as it provides insight into inflationary pressures in the economy. The US Bureau of Labor Statistics is scheduled to release the CPI data for August on September 14th.
The Federal Open Market Committee (FOMC) is the monetary policy-making body of the Federal Reserve System. The FOMC meets eight times a year to set monetary policy, including interest rates. The next FOMC meeting is scheduled for September 21st-22nd. Investors and traders will be closely watching the meeting for any changes in monetary policy or guidance on future policy decisions.
Retail sales are another important economic indicator that measures the total amount of goods and services sold by retailers. Retail sales data provides insight into consumer spending patterns and can impact financial markets. The US Census Bureau is scheduled to release retail sales data for August on September 16th.
ECB
The European Central Bank (ECB) is the central bank of the Eurozone and is responsible for setting monetary policy for the region. The ECB meets regularly to discuss monetary policy decisions, including interest rates and asset purchases. The next ECB meeting is scheduled for September 9th. Investors and traders will be closely watching the meeting for any changes in monetary policy or guidance on future policy decisions.
PBoC and China Activity Data
The People’s Bank of China (PBoC) is the central bank of China and is responsible for setting monetary policy for the country. The PBoC meets regularly to discuss monetary policy decisions, including interest rates and asset purchases. The next PBoC meeting is scheduled for September 15th.
China Activity Data includes a range of economic indicators, including industrial production, retail sales, and fixed asset investment. These indicators provide insight into the health of the Chinese economy and can impact financial markets. China is scheduled to release activity data for August on September 15th.
In conclusion, upcoming economic events such as US CPI, FOMC, Retail Sales, ECB, PBoC, and China Activity Data are important indicators that can impact financial markets. Investors and traders should stay informed about these events and their potential impact on the global economy.
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