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Interesting US data calendar in the coming week - ING

FXStreet (Delhi) – Research Team at ING, note that the US data calendar offers quite a lot to interest financial markets in the coming week.

Key Quotes

“On the activity front, retail sales should be boosted by a strong surge in auto sales and robust consumer confidence readings. Consumer credit growth has also been on an upward trend, suggesting a healthy appetite to spend in the lead up to the key holiday season. However, industrial output is likely to remain lacklustre, with weakening overseas demand and a strong dollar creating problems for exporters. That said, we are hopeful of an improvement in some of the regional manufacturing surveys, now that stability has returned to some of the Chinese surveys.”

“There will also be several Fed speakers presenting their views on the economy, including FOMC voters William Dudley, Charles Evans, Dennis Lockhart and Lael Brainard. It is extremely unlikely that they will hint at an October FOMC move, but we may get more of a sense as to whether they feel a December hike is a realistic prospect. A key issue for the Federal Reserve is that inflation is lacking and we could see headline CPI dip back into deflationary territory on lower energy prices this week.”

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