Must-know events for the trading week
The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data.
Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari revealed that he had anticipated two interest rate cuts this year. However, he noted that if inflation remains sluggish, no cuts may be necessary. This outcome would really surprise the market, which is mostly still expecting three cuts, starting in June.
Headline inflation is expected to rise for a second consecutive period to 3.4%, while the core rate is projected to decline to 3.7%, reaching its lowest level since April 2021.
In Europe, all eyes will be on the European Central Bank's meeting, where current interest rates are anticipated to be maintained. The likelihood of future rate cuts will be assessed by the market at the same time.
In Japan, investors will be monitoring potential intervention actions from the Bank of Japan to support the yen. Governor Kazuo Ueda will also be speaking during the week regarding the central bank's future steps.
Meanwhile, the Reserve Bank of New Zealand is expected to leave the official cash rate unchanged at 5.5%. The RBNZ's latest forecast from February suggests that the OCR will remain steady until early to mid-2025, despite expressing increased confidence based on recent data.
The week ahead in the US will be marked by significant events, including the release of the FOMC meeting minutes and March inflation data.
Alongside the meeting minutes, investors will continue to analyze speeches from various Fed officials: Recent remarks from Minneapolis Federal Reserve Bank President Neel Kashkari revealed that he had anticipated two interest rate cuts this year. However, he noted that if inflation remains sluggish, no cuts may be necessary. This outcome would really surprise the market, which is mostly still expecting three cuts, starting in June.
Headline inflation is expected to rise for a second consecutive period to 3.4%, while the core rate is projected to decline to 3.7%, reaching its lowest level since April 2021.
In Europe, all eyes will be on the European Central Bank's meeting, where current interest rates are anticipated to be maintained. The likelihood of future rate cuts will be assessed by the market at the same time.
In Japan, investors will be monitoring potential intervention actions from the Bank of Japan to support the yen. Governor Kazuo Ueda will also be speaking during the week regarding the central bank's future steps.
Meanwhile, the Reserve Bank of New Zealand is expected to leave the official cash rate unchanged at 5.5%. The RBNZ's latest forecast from February suggests that the OCR will remain steady until early to mid-2025, despite expressing increased confidence based on recent data.
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