FXStreet — In the coming week the minutes will be published to the last meeting of the US Central Bank, the Fed and some economic reports. According to the market analysts of Danske Bank, the FOMC is expected to give more insight into what members think about the timing of the next rate increase.
In the United States of America, will be published on Wednesday the minutes to the last meeting of the Federal open market Committee of the Federal Reserve (FOMC), which will give us new insights into the thoughts of the members on the date of the next interest rate step. However, it must be borne in mind that the meeting took place before the weak consumer price data. Before the provisional purchasing managers ‘ indices from Markit-Institut to be published. In the services sector, we expect a rise from 53.1 to 54.0 points. The Index for the Manufacturing sector should, however, falling from 52.8 to 52.3 points.
On Friday then the provisional capital expenditure by reporting month of April, which will give us the first indication of whether the recovery of the capital investment from the first quarter, this quarter has continued.
It also has some important economic reports on the Agenda, which is expected to decide whether the Federal Reserve will turn in next month at the interest rate screw. For Tuesday, 30. May the PCE inflation are terminated in the data. After a weak consumer price index last Friday, we estimate that the PCE is increased core rate in the month compared to 0.1 percent, which would imply a on the year projected core inflation of 1.4 percent.
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