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PA Market Report: Overview (Oct 13 – Oct 15) & Upcoming Events October’21

priceactionadmin 3 years ago

PA Market Report Overview (Oct 13 - Oct 15)

Wed Oct 13, 2021

CPI m/m (USD)

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;

Core CPI m/m (USD)

FOMC Meeting Minutes (USD)

It’s a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates;

Thu Oct 14, 2021

Employment Change (AUD)

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Unemployment Rate (AUD)

Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions;

PPI m/m (USD)

It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer;

Fri Oct 15, 2021

Core Retail Sales m/m (USD)

Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends;

Retail Sales m/m (USD)

It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity;