US: import prices and Fed speak in focus - TDS

According to the analysts at TDS, it should be a fairly quiet day with import price data the only economic release apart from Fed speak.

Key Quotes

“Import prices are expected by the market to edge lower by 0.2% m/m in February, consistent with import price inflation decelerating to 4.0% y/y from 4.6% y/y.”

“The Fed’s Kaplan will speak at 10:00 ET and while he is not a voter, he is viewed as a centrist among Fed officials. We will also get a fiscal update from the monthly budget statement for March, which is expected by the market to reveal a $169bn deficit.”