Market participants anticipate several critical economic reports this week, including the BOJ Rate Statement, US Advance GDP, and Core PCE Price Index. These key reports will provide valuable insights and help investors and traders make informed decisions. Don’t miss out on this opportunity to stay ahead of the curve.
Here are the key events to watch out for:
The annual inflation rate in Australia rose to 7.8% in Q4 2022 from 7.3% in Q3 2022.
For Q1 2023, analysts expect a more moderate increase of 6.8%.
The US economy expanded at an annualised rate of 2.6% in Q4 2022.
For Q1 2023, analysts predict a rate of 2.3%.
During its March meeting, the Bank of Japan unanimously voted to keep its key short-term interest rate at -0.1% and the rate for 10-year bond yields at around 0%.
This month, analysts expect that the rate will stay the same as the board introduces new quarterly growth and price estimates in Kazuo Ueda’s first policy meeting.
Germany’s consumer price inflation reached a seven-month low in March 2023, recording a year-on-year rate of 7.4%, down from 8.7% in the previous two months. The figure remained well above the European Central Bank’s target of 2%.
Analysts predict a further decrease in April 2023, with an expected rate of 7.0%.
Canada’s economy jumped 0.5% in January 2023, following a slight contraction of 0.1% in December 2022.
For February, analysts expect it to increase by 0.3%.
Core PCE prices in the US, which exclude food and energy, rose by 0.3% month-on-month in February 2023, following a downward revision of 0.5% in the previous month.
For March 2023, analysts expect a 0.4% increase.
Compensation costs for civilian workers in the US rose 1% in Q4 2022, a third straight slowdown, compared to a 1.2% increase in the previous quarter.
For Q1 2023, analysts expect the index to rise by 0.8%.
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