At Extreme Investor Network, we provide unique insights and analysis on the stock market, trading, and economic trends to help investors make informed decisions. In today’s blog post, we will be discussing the upcoming US Economic Calendar events that traders should keep an eye on.
One key event that investors should pay attention to is the Producer Prices report, which is scheduled for Thursday. The report will provide valuable insights into the inflationary pressures in the US economy. A potential increase in producer prices could signal a higher consumer price outlook, as producers pass on their costs to consumers in a rising demand environment.
Economists are forecasting a 2.2% year-on-year increase in producer prices, following a 1.6% rise in February. Additionally, core producer prices are expected to rise by 2.3% year-on-year, compared to a 2.0% increase in February. These inflation numbers will be crucial in shaping market sentiment and decision-making.
In addition to the inflation data, investors should also keep an eye on the US labor market data, particularly the initial jobless claims report. Economists are predicting a decrease in jobless claims from 221k to 215k for the week ending April 6. However, it is important to note that the producer price trends are likely to have a more significant impact on the market.
Furthermore, traders should closely monitor the reactions of FOMC members, such as Raphael Bostic, Susan Collins, and John Williams, to the March inflation numbers. Their comments and speeches can provide valuable insights into the Fed’s monetary policy outlook and future interest rate decisions.
Stay tuned to Extreme Investor Network for more updates and analysis on the latest economic events and market developments. Our expert team is here to help you navigate the complexities of the stock market and achieve your investment goals.
