Economic Data and Events to Watch in the Coming Week
Federal Reserve Meeting: The Fed is expected to hold borrowing costs steady at a high level. Chair Jerome Powell's press conference will be closely watched for any hawkish signals.
Economists expect a strong jobs report with moderate non-farm payroll growth and low unemployment.
Updates on employment costs, job openings, and manufacturing will also be released.
Inflation and GDP Data: Inflation may have stopped slowing, and the economy may have started growing again.
Norway and Colombia will set interest rates.
The Paris-based OECD will release new global forecasts.
GDP Data: February data may show a slight boost to the economy, giving the Bank of Canada options for future policy.
Purchasing Manager Index (PMI) Data: Official PMI data will indicate if manufacturing activity expanded for a second month in April.
This gauge has hovered above the 50 threshold for five months.
Industrial Output, Retail Sales, and Unemployment Data: These data are expected to show a rebound in industrial output and stable retail sales and unemployment.
Consumer Inflation Data: Inflation is forecast to slow slightly but remain above the Bank of Korea's target.
Consumer Price Data: Inflation is expected to stay far below the central bank's target.
Consumer Price Data: Inflation is expected to continue rising despite aggressive rate hikes.
Malawi: The central bank may raise interest rates to control inflation.
The central bank is expected to cut interest rates.
Flash output data will likely show a slight contraction in the first quarter.
March data will be released for retail sales, unemployment, industrial production, manufacturing, copper output, and GDP.
The central bank is expected to cut interest rates again.
April inflation data for Lima may show prices back within the target range.