Global Economic Outlook: FOMC Week

This week’s economic calendar is dominated by the Federal Open Market Committee Statement on Wednesday. Markets are on tenterhooks following better than expected US Unemployment Claims data last Thursday and their implication for an imminent Fed rates increase. Commodities continue their decline since last week and equities are now beginning to teeter on the edge. Stakes are raised in the deflationary end game of decades of credit expansion.

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Economic Indicators

World Indexes and Forex Rates




In the Calendar This Week

Mon 27 July
German Ifo Business Climate (expected: 107.6 previous: 107.4)

Tue 28 July
UK Prelim GDP q/q (expected: 0.7% previous: 0.4%)
US Consumer Confidence (expected: 100.1 previous: 101.4)

Wed 29 July
FOMC Statement
Federal Funds Rate (expected: 0.25% previous: 0.25%)
Australia Building Approvals m/m (expected: -0.9% previous: 2.4%)

Thu 30 July
US Advance GDP q/q (expected: 2.6% previous: -0.2%)
US Unemployment Claims (expected: 264K previous: 255K)

Fri 31 July
China Manufacturing PMI (expected: 50.2 previous: 50.2)

Making The News

The US economy reported,

Read more ... source: CryptoCoinsNews