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U.S. markets await minutes of Yellen`s first policy meeting this week

Publish Date06/04/2014 08:04:36 PM

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U.S. markets await minutes of Yellen`s first policy meeting this week

In the week ahead, markets will focus on Wednesday’s minutes of the Fed’s most recent policy setting meeting.

This time, the minutes will be more watched than any other time as investors all over the world will look for a clearer image on the Fed`s monetary policy and its new guidance over interest rates.

Minutes from the latest Federal Open Market Committee will be released on Wednesday. First though, investors will eye speeches from several US policy makers for their take on the state of the economy including the latest employment data

The Labor Department reported Friday that the U.S. economy added 192,000 jobs in March, below expectations for jobs growth of 200,000. February’s figure was revised up to 197,000 from a previously reported 175,000. The U.S. unemployment rate remained unchanged at 6.7%, compared to expectations for a tick down to 6.6%.

The data disappointed some market expectations for a more robust reading but indicated that the Federal Reserve is likely to stick to the current pace of reductions to its asset purchase program.

On Wednesday, Chicago Fed President Charles Evans will talk about Fed communications in Washington, while Fed Governor Daniel Tarullo will give a dinner speech in Washington. On Thursday, Evans is part of a panel discussing central banking after the recession, in Washington.

US reports scheduled for release this week include consumer credit, on Monday; the NFIB small business optimism index, on Tuesday; wholes sale trade, on Wednesday; weekly jobless claims, as well as import and export prices, on Thursday; and the producer price index, and consumer sentiment, on Friday.

The U.S. is to round up the week with data on producer price inflation and the preliminary report on the University of Michigan’s consumer sentiment index.

Policy makers at the Bank of Japan are set to gather this week. So are their counterparts at the Bank of England.

The International Monetary Fund and World Bank will release updates to their outlooks ahead of the start of their spring meetings in Washington on Friday.

 

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