The week begins with a holiday in the US market. Well, that's fine, let's take a break.
Thursday, 8:30 AM — US GDP
Analysts' forecasts are even lower than last month. Expectations are at 1.3%. The Fed closely monitors this indicator, so data below expectations will bring a lot of emotions.
Friday, 8:30 AM — Personal Consumption Expenditures Index
This is also an important indicator for the Fed. Essentially, it's the same as inflation, but it measures changes in the prices of goods and services consumed by households. Data above expectations = higher real inflation = negative.
Have a great trading week, everyone!
