Friday, October 30, 2015

US: Multitude of data sets to steal the limelight – TDS

FXStreet (Delhi) – Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the US employment cost index is forecast to accelerate to +0.8% (mkt +0.6%) in Q3, reinforcing the stability in underlying inflation.

Key Quotes

“The market will also be focused on the Chicago PMI for October (expected to increase to 49.5 from 48.7) and the revised print for the University of Michigan measure of consumer confidence which is forecast to have increased to 92.5 from 92.1.”

“Note that personal income and spending for September will also be released, though the information released here will have been incorporated in the Q3 GDP report. Scheduled remarks from Fed officials are not expected to touch on policy.”
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