US economic data scheduled for April 15 week @TPwithUS Forex signal

Published by TPwithUS Writer at April 13, 2024

US economic data scheduled for April 15 week

Hi traders! welcome to our Forex Signal and Analysis Site! TPwithUS signals and analysis are based on Price actions, Gann Angels, and Astrology! Here we share, the High points for US economic data scheduled for April 15 week. Stay with us and take profit with us in the forex trading Market!

High points for US economic data scheduled for April 15 week

Impact of Retail and Food Services Sales on First Quarter Consumer Spending and its Influence on FOMC Meeting Outcome:

The last economic data report that has the potential to change the tone of the upcoming FOMC meeting from April 30 to May 1 is retail and food services sales at 8:30 ET on Monday. Sales were weaker in January and rose modestly in February. How the March number shapes consumer spending for the first quarter depends on several factors. Unit sales of motor vehicles were slightly softer in March, but the dollar value of sales may not be much changed. Gasoline prices rose in March, but some of this may be accounted for by seasonal adjustments since modest price rises are typical at this time of year

Impact of Early Easter, Spring Break Timing, and Tax Refunds on Consumer Spending Patterns and Trends in Spring Season:

What may be more influential is a confluence of the timing of spring break at schools and the Easter observance which fell early this year on March 31. This may have pulled some spending from April travel and celebrations. Additionally, tax refund season shows that the average tax refund ended March at $3,050 which is higher than the $2,910 at the end of March in 2023. Consumers may have a decent-sized lump sum to spend, save, or pay down debt. Some at least will be spent, likely on bigger ticket household items and activities associated with spring like home repair and gardening.

Assessing the Impact of Recent Economic Indicators on FOMC’s Monetary Policy Decisions and the Role of the Beige Book in Shaping Perceptions:

The most recent data on inflation and the labor market has dampened hopes of a rate cut by the FOMC sooner rather than later. The anecdotal evidence about US economic conditions in the Beige Book set for release at 14:00 ET on Wednesday should help solidify those impressions. While the Beige Book is unlikely to paint a picture of a robust economy, the past two reports have pointed to firming conditions that should be sustained in the period from late February through early April.

Understanding the Impact of FOMC Meeting Communication Blackout on Financial Markets and Economic Expectations:

The communication blackout period around the next FOMC meeting will go into effect at midnight on Saturday, April 21, and last through midnight on Thursday, May 2. The coming week will be the last opportunity for Fed policymakers to speak in public about their respective outlooks for monetary policy.

source:https://www.econoday.com/articles/high-points-for-us-economic-data-scheduled-for-april-15-week/