This week, the U.S. first-quarter GDP will be released on Thursday (27th), and the Federal Reserve’s most favored inflation indicators, the core PCE price index and employment costs, will be released on Friday (28th), and are expected to be closely watched by the market.
Analysts expect the gross domestic product data to show that the economy is still growing at a solid pace and that consumer spending remains strong.
However, while the headline PCE price index is expected to decline, the core PCE is expected to remain elevated. Employment costs are also expected to rise, consistent with inflation remaining sticky.
In addition, the United States will also release consumer confidence, durable goods orders, existing home sales and new home sales, initial jobless claims, inflation expectations and regional manufacturing activity data this week.
Currently, investors generally expect the Fed to raise interest rates by 25 basis points at its May meeting, but there is still great uncertainty about the subsequent policy path, especially when the Fed will cut interest rates. Some investors expect that as the economy slows, the Fed may cut interest rates this year. #BTC #美联储 #GDP #PCE
