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16 Jan 2015
Key events at close of week - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the key events ahead at the end of the week.
Key Quotes:
"As we pause for breath, today has Eurozone final CPI, then US CPI (consensus -0.4%) taking the headline to just 0.7% YoY, with core seen unchanged at 1.7%. Frankly, after yesterday, inflation is not what concerns many save Fed members (like Plosser) still expecting a surge in wages. (There are several Fed speakers today who can try to sell that message to an ever-more skeptical market.)"
"We also get US industrial production (consensus -0.1%), where we can perhaps see the impact of lower energy on output. Furthermore, we have Michigan confidence (consensus is a rise to 94.1), which – thanks to Bloomberg’s zeitgeist – now includes 1-year and 5-10-year inflation expectations. Both inflation measures were 2.8% in December: where will they be this month?"
"Happy Friday, especially to anyone who bought a Swiss watch yesterday morning."
Key Quotes:
"As we pause for breath, today has Eurozone final CPI, then US CPI (consensus -0.4%) taking the headline to just 0.7% YoY, with core seen unchanged at 1.7%. Frankly, after yesterday, inflation is not what concerns many save Fed members (like Plosser) still expecting a surge in wages. (There are several Fed speakers today who can try to sell that message to an ever-more skeptical market.)"
"We also get US industrial production (consensus -0.1%), where we can perhaps see the impact of lower energy on output. Furthermore, we have Michigan confidence (consensus is a rise to 94.1), which – thanks to Bloomberg’s zeitgeist – now includes 1-year and 5-10-year inflation expectations. Both inflation measures were 2.8% in December: where will they be this month?"
"Happy Friday, especially to anyone who bought a Swiss watch yesterday morning."