29 Apr 2015
FOMC meeting and US data preview – TDS
FXStreet (Barcelona) - The TD Securities Team previews the key events ahead in the US, expecting the FOMC meeting and Fed’s assessment of the US economy to steal the show.
Key Quotes
“A weak Q1 GDP report will kick off the day, expected to show a modest 0.8% q/q ann. at the start of the year as consumption slows to a meager 1.4%.”
“With the Q1 slowdown largely priced in, the March pending home sales report will be closely watched for signs of further improvement in housing momentum and we expect a 3.5% m/m gain during the month.”
“The April FOMC decision will be the day’s main event, but with the Fed precluding any policy action at the meeting, investors will be closely focused on the Fed’s economic assessment for future guidance. There will be no press conference or projections, with the statement providing the Fed with a limited venue in which to considerably alter policy.”
“Ahead of the FOMC, the $29B 7yr auction will wrap up the week’s supply series.”
Key Quotes
“A weak Q1 GDP report will kick off the day, expected to show a modest 0.8% q/q ann. at the start of the year as consumption slows to a meager 1.4%.”
“With the Q1 slowdown largely priced in, the March pending home sales report will be closely watched for signs of further improvement in housing momentum and we expect a 3.5% m/m gain during the month.”
“The April FOMC decision will be the day’s main event, but with the Fed precluding any policy action at the meeting, investors will be closely focused on the Fed’s economic assessment for future guidance. There will be no press conference or projections, with the statement providing the Fed with a limited venue in which to considerably alter policy.”
“Ahead of the FOMC, the $29B 7yr auction will wrap up the week’s supply series.”