REPORT
By Gülbin Yıldırım
Washington letter, week beginning Feb. 22

FED announcements

This week, the eyes of the U.S. financial world will be on the messages of Fed officials and Q4 GDP 2015 and January inflation data.

A large number of Fed officials are scheduled to speak throughout the week, starting with Fed Vice Chair Stanley Fischer on Tuesday evening.

Dallas Fed President Rob Kaplan, St.Louis Fed President James Bullard, and Richmond Fed President Jeffrey Lacker are scheduled to speak on the economic outlook on Wednesday.

Recent statements from Fed officials as well as weak data suggest that the Fed will wait to raise the interest rate again until global financial turmoil subsides. 

The markets expect only one rate hike in 2016 if any, due to sluggish economic growth in the US, slowing China, and volatility in global financial markets.​

Property sales

Existing and new home sales releases will shed light on the current situation of the residential sector. The market forecasts the number of existing home sales at around 5.32 million and 520 thousand for sales of new homes.

Stat releases on unemployment, consumer sales and confidence

In addition, investors will be keeping an eye on other data releases throughout the week, including durable good orders, weekly unemployment claims, and consumer sentiment.

 

25 Feb,2016

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