Will This Week's Data Bring Fed Closer To Higher Rates?

Jan. 13, 2005
By John S. McClenahen Federal agencies are set to do an economic data dump this week, and depending upon what the numbers are, the U.S. could move closer to higher interest rates. On April 13, the U.S. Commerce Department is slated to report March ...
ByJohn S. McClenahen Federal agencies are set to do an economic data dump this week, and depending upon what the numbers are, the U.S. could move closer to higher interest rates. On April 13, the U.S. Commerce Department is slated to report March retail sales and February business inventories. On the 14th, Commerce is to release the February trade balance and the Labor Department is set to report the March Consumer Price Index. Thursday will bring the latest figure on initial jobless claims from the Labor Department. And on April 16 the Commerce Department is scheduled to report March housing starts and the Federal Reserve is to release industrial production and capacity utilization numbers for March. "We expect the data to again signal strengthening job markets, solid consumer demand, and steady, possibly even higher, inflation," says UBS Investment Research, New York. "The mixture is likely to reinforce prospects that the Fed will begin to scale back accommodation come August." In short, UBS is saying higher interest rates are in the offing.

Popular Sponsored Recommendations

Discrete and Process Manufacturing 2024 Trends and Outlook for North America

Oct. 29, 2023
Manufacturers are reaping the benefits of automation and cloud-based solutions. Discover what is driving today's industry trends and how they can shape your growth priorities ...

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!