Good Morning Traders!
It is Wednesday 12th of March, today we get the highly anticipated US Inflation print which could give clues whether another hike will be in the pipeline from the Fed, and we also get BoC's Rate decision.
Here are some other things to look out for:
US CPI Prep - Read Here
BoC Interest Rate Prep - Read Here
Sentiment
The dollar was little changed this morning as investors awaited US inflation data due later in the day to see if price pressures remained strong enough to warrant further interest rate hikes.
US Treasuries fell, with traders betting that the Federal Reserve will raise interest rates by 25 basis points next month.
The Federal Reserve will reveal new details today about how policymakers reached one of their most difficult decisions in years, ignoring bank failures that roiled markets last month to deliver a quarter-point rate hike amid signs of persistent price pressures.
Docket
8:30 AM ET
US CPI Data for March
CPI YoY - Median Forecast 5.1% | Prior 6% | Range 5.4% / 4.9%
CPI MoM - Median Forecast 0.2% | Prior 0.4% | Range 0.4% / 0.1%
Core CPI YoY - Median Forecast 5.6% | Prior 5.5% | Range 5.7% / 5.3%
Core CPI MoM - Median Forecast 0.4% | Prior 0.5% | Range 0.5% / 0.3%
10:00 AM ET
BoC Rate Decision - Forecast for no change at 4.5%
BoC Rate Statement
10:30 AM ET
EIA Crude Oil Inventories
Median Forecast -1.05M | Prior -3.739M | Range 3M/-4.732M
1:00 PM ET
US sells $32 bln of 10-Year Notes
2:00 PM ET
FOMC Meeting Minutes from the March meeting
Speakers
8:30 AM ET
ECB's de Guindos speaks at an event organized by the Asociación para el Progreso de Dirección in Madrid.
9:00 AM ET
BoE Gov. Bailey delivers remarks at the Institute of International Finance on the ‘The shifting risk landscape’
Fed's Barkin makes remarks at an annual conference on investing in the rural economy hosted by his bank.
Text: yes.
ECB's de Cos speaks in Washington
9:30 AM ET
ECB's de Guindos speaks at an event organized by the Asociación para el Progreso de Dirección.
11:00 AM ET
BoC Press Conference with Governor Macklem following the Canadian Interest Rate Decision.
12:00 PM ET
Fed's Daly takes part in a virtual discussion with the Salt Lake Chamber.
Text: Yes. Q&A: Yes, with a moderator.
Good luck!
